In this paper we use the actual rules and formulas of an occupational pension fund, the state pension fund and the tax system in the Netherlands to calculate net replacement rates at each age from 60 to 70 in full and partial retirement scenarios. We then vary the parameters of the pension...

We show how the age profile of earnings, retirement rules and retirement behavior are tightly linked through the general equilibrium of the economy. Generous Social Security benefits financed by large Social Security taxes discourage human capital accumulation. In Social Security systems where...

Mobility on the housing market strongly declines with age. In contrast to younger age groups, older adults show a tendency to ‘stay put'. There is little evidence whether this immobility of older adults is due to choice or to constraint. This study makes an empirical analysis of the underlying...

This paper estimates associations between individual and neighbourhood characteristics and unit nonresponse in a survey of the population aged 50 and over in the Netherlands in 2004. The statistical model includes interviewer fixed effects to control for the non-random distribution of addresses...

This paper examines the association between lifetime income and old age mortality risk, referred to as the income-mortality gradient, in Italy during the 1980s and 1990s. We extend the literature by estimating the income-mortality gradient using Cox proportional hazard models, where the...

I study the relationship between household saving and pensions, and estimate both the displacement effect of pensions on private saving and the precautionary saving effect due to uncertainty in pension income. Using a lifecycle framework, the consumption function depends on expected pension...

Many elderly people could markedly increase they standard of living by releasing housing equity. Purchase of a life annuity would increase the benefits of this release. Focusing on the Finnish case, we analyze the fiscal implications of different forms of housing equity release. We take into...

Previous studies find that individuals do not draw down their assets after retirement which is at odds with the predictions of a simple life cycle model without uncertainty. Hurd (1989, 1999) explains saving behavior of elderly singles and couples by adding lifetime uncertainty and bequest...

This paper analyzes the effect of retirement on cognitive functioning using two large scale surveys. First, a longitudinal survey among older Americans allows controlling for individual heterogeneity and endogeneity of the retirement decision. Second, a cross-national European survey allows...

This paper adds to the empirical literature on health as an important determinant of employment at older ages by exploring the role in the health-employment nexus of the wage rates of 50 to 64-year-old workers. To do so, we use individual-level panel data from the Survey of Health, Ageing and...