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 …

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 …

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 …

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 …

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 …

In this project we study joint retirement of couples in Europe. We characterize various empirical regularities and use … duration models cannot account for joint retirement, our model admits joint retirement with positive probability, allows for … Survey on Health, Ageing and Retirement in Europe (SHARE) and the English Longitudinal Survey of Ageing (ELSA) …

In this study we gauge the impact of social interactions on individual retirement preferences. A survey including self …-assessments and vignette questions shows that individual preferences are affected by preferences and actual retirement behavior of the … social environment. Retirement from paid work depends on the retirement age of relatives, friends, colleagues and …

(early) retirement. Post-career transitions into self-employment are increasingly common. In this paper we explore the … various trajectories older adults may choose in their pathway into full retirement. How common is the transition into self …-employment after (early) retirement? What motives drives this transition? To what extent is the decision to become self …

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 …

This paper identifies and estimates the impact of early retirement on the probability to die within five years, using … civil servants became eligible for retirement earlier than expected during a short time window. This exogenous policy change … is used to instrument the retirement choice in a model that explains the probability to die within five years. Exploiting …