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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
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
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 …
Persistent link: https://www.econbiz.de/10014185188
Using data from a stated preferences experiment in the Netherlands, we find that replacing fulltime pension schemes … 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 …
Persistent link: https://www.econbiz.de/10014132843
We use a recent policy change in the Netherlands to study how changes in search requirements for the older unemployed … affect their transition rates to employment, early retirement and sickness/disability benefits. The reform, becoming …
Persistent link: https://www.econbiz.de/10014186369
We analyze stated preference data on retirement. Survey respondents of ages 25 and older in the Netherlands were given … hypothetical retirement scenarios describing the age(s) of (partial and full) retirement and corresponding replacement rates …. Several types of retirement trajectories were considered - with retirement before, at, or after the standard retirement age …
Persistent link: https://www.econbiz.de/10013146351
partial retirement at various ages in the Netherlands and the United States. Two in five prefer partial retirement over early … of older people for a rich set of retirement trajectories charactersized by early or delayed full retirement as well as … or delayed abrupt full retirement. This suggests that partial retirement can substantially increase the utility derived …
Persistent link: https://www.econbiz.de/10012973856
same time, the distribution of wealth is widely dispersed and many workers arrive on the verge of retirement with few or no … from the equity premium. Second, financial literacy is positively related to retirement planning, and the development of a …
Persistent link: https://www.econbiz.de/10013120915
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
-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 …
Persistent link: https://www.econbiz.de/10014036822