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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
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
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 …
Persistent link: https://www.econbiz.de/10012973856
extensive and intensive labour supply responses to changes in fertility rates, and (ii) the potential of a retirement reform to … fertility decline, a retirement reform, designed to increase labour supply at the extensive margin, is found to simultaneously … reduce labour supply at the intensive margin. This backlash to retirement reform requires the statutory retirement age to …
Persistent link: https://www.econbiz.de/10013136598
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
Germany recent reforms that aim at raising retirement age and cutting benefit levels should be complemented by increases in …
Persistent link: https://www.econbiz.de/10013127112
This paper investigates whether employers can induce employees to postpone retirement by offering access to training … include detailed information on a wide range of HR practices applied in the organization, as well as the expected retirement … employee expected retirement age, irrespective of whether employees actually participate in training. We show that this …
Persistent link: https://www.econbiz.de/10013029356
scheme contains within-cohort redistribution and induces early retirement. Such a Pareto-improving reform entails the …-neutrality that stimulates later retirement further improves such a flexibility reform …
Persistent link: https://www.econbiz.de/10013078915
Early retirement schemes and disability insurance in the Netherlands have both been reformed during the past decades …. The reforms have increased incentives to continue working and have decreased the substitution between early retirement and … rate of the elderly has increased. The concept of substitute pathways into retirement seems less relevant today as the …
Persistent link: https://www.econbiz.de/10014180549