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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
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 analyses the distributional effects of the Polish old‐age pension reform introduced in 1999. Following a benchmark Mincer earnings equation, and using a newly developed microsimulation model we project future pension benefits for males born in years 1969‐1979. We find that...
Persistent link: https://www.econbiz.de/10013016912
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
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
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
Both the impacts of financial incentives and health on transitions into retirement and inactivity by older workers have … incentives on the retirement behaviour of workers who experienced health shocks and those who remained in good health. Our … evidence suggests that the impact on retirement of forward-looking incentive measures such as the peak value is conditional on …
Persistent link: https://www.econbiz.de/10013129994
and purchasing power of old age social security benefits, and the average retirement age ten or twenty years from now. We …
Persistent link: https://www.econbiz.de/10013133788