We show how the age profile of earnings, retirement rules and retirement behavior are tightly linked through the … paper theoretically rationalizes the links between retirement rules and the wage structures over the life cycle and uses … data on European countries to show how social security taxes, the age profile of earnings, and retirement behavior are …

of older people for a rich set of retirement trajectories charactersized by early or delayed full retirement as well as … partial retirement at various ages in the Netherlands and the United States. Two in five prefer partial retirement over early … or delayed abrupt full retirement. This suggests that partial retirement can substantially increase the utility derived …

Policy makers have often argued that an additional benefit of facilitating early retirement is that it creates … discourage early retirement to counter the economic consequences of an aging population and, interestingly, the consequences for … workers in more depth, if only to put any concerns for adverse effects of later retirement to rest. To empirically investigate …

incentives matter for the retirement behavior of the self-employed. We also provide evidence of the self-employed not wanting to … retire as early as possible, and contrast these expectation data with realized retirement transitions. The overall picture …

In 2007 Germany has introduced a pension reform which increases the normal retirement age from currently age 65 to 67 … effective age when they exit from the labor market and start receiving pension benefits. Our quantitative analysis indicates … effective retirement age by about one year and redistribute towards future cohorts. However, it hardly reduces old-age poverty …

state pension age was increased to 61. This implies the early retirement age explained almost all excess retirements at age …

Flexible retirement - that is the opportunity to choose one’s own personal retirement age - serves as a hedge against … pension risk and provides insurance to workers facing health or productivity shocks. Flexible retirement and flexible pension … discusses three conditions to provide insurance through flexible retirement. First, it should be possible to adjust the pension …

with schemes that offer gradual retirement opportunities induce workers to retire one year later on average. Total life …-time labour supply, however, decreases with 3.4 months because the positive effect of delayed retirement on labour supply is … cancelled out by the reduction in working hours before full retirement. The impact of gradual retirement schemes is, however …

-standard employment into account, by relating the empirical model more explicitly to optional value model theory on retirement decisions … results show a positive relationship between unemployment among older workers and early retirement similar to previous studies …

affect their transition rates to employment, early retirement and sickness/disability benefits. The reform, becoming …