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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 …
Persistent link: https://www.econbiz.de/10014190146
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 …
Persistent link: https://www.econbiz.de/10014132843
-standard employment into account, by relating the empirical model more explicitly to optional value model theory on retirement decisions …-time employment is negatively related to labor market withdrawal of older men. This relationship is less strong among women …. Additionally, we find that part-time employment at older ages does not decrease the average actual hours worked. Furthermore, the …
Persistent link: https://www.econbiz.de/10014036822
This paper considers the potential relationship between providing care for grandchildren and retirement, among women … nearing retirement age. Using 47,444 person-wave observations from the Health and Retirement Study (HRS), we find the arrival … of a new grandchild is associated with a more than eight percent increase in the retirement hazard despite little overall …
Persistent link: https://www.econbiz.de/10013017767
Policy makers have often argued that an additional benefit of facilitating early retirement is that it creates … employment for the young. This may happen if older and younger workers are substitutes. Nowadays policy makers’ goals are to … discourage early retirement to counter the economic consequences of an aging population and, interestingly, the consequences for …
Persistent link: https://www.econbiz.de/10014200838
In 2007 Germany has introduced a pension reform which increases the normal retirement age from currently age 65 to 67 … effective retirement age by about one year and redistribute towards future cohorts. However, it hardly reduces old-age poverty … since rich people are more flexible in adjusting retirement. Overall, the efficiency gains of the reform are very modest …
Persistent link: https://www.econbiz.de/10013142151
to estimate the impact of increasing the state pension age from 60 to 61 on the employment of women and their partners … cohorts born at different times. We find that women's employment rates at age 60 increased by 7.3 percentage points when the … state pension age was increased to 61. This implies the early retirement age explained almost all excess retirements at age …
Persistent link: https://www.econbiz.de/10013056825
. Institutions often hamper employment past the ‘standard retirement age’. Moreover, the hiring rates of older workers are low and …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 …
Persistent link: https://www.econbiz.de/10014185188
system in the Netherlands to calculate net replacement rates at each age from 60 to 70 in full and partial retirement … analyze the implications of late full retirement and partial retirement for the occupational and state pension entitlements …. We pay particular attention to the retirement scenarios that are relevant for the current policy measures, aimed at …
Persistent link: https://www.econbiz.de/10013123970
This paper explores the effect of letting individuals choose their retirement age in a world of uncertainty where there … finds that it is preferable to let people make their retirement decision after rather than before the uncertainty is lifted …
Persistent link: https://www.econbiz.de/10013136114