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Spain after retirement. To evaluate this coinsurance change we use a rich administrative dataset that links pharmaceutical … eligibility age for Social Security to control for the endogeneity of the retirement decision. Our most conservative results show …
Persistent link: https://www.econbiz.de/10014178520
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
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
motives, such as saving for retirement, and saving behavior. Survey data show that many respondents save for retirement in … unconventional retirement accounts, such as investments in real estate. We show that finding the retirement motive important does not … directly translate in additional retirement savings. We show that the annuity stream generated by conventional and …
Persistent link: https://www.econbiz.de/10013117290
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
much less substantial. We also find that partial retirement results in a much smoother income path and encourages employees … 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 …
Persistent link: https://www.econbiz.de/10013123970
The paper studies retirement behavior of wage‐earners in Belgium – for the first time using rich survey data to explore … retirement incentives as faced by individuals. Specifically, we use SHARE data to estimate a model à la Stock and Wise (1990 … explicitly takes into account the different take‐up rates of the various early retirement exit paths across time and ages. The …
Persistent link: https://www.econbiz.de/10013082462
determinants of financial literacy and link financial literacy to retirement planning. Overall, the level of financial literacy is … retirement …
Persistent link: https://www.econbiz.de/10013093587
paper investigates the effect of the NRSPI on the retirement and old-age labor supply pattern in China using a two … that receiving pension benefits from the NRSPI can substantially increase the likelihood of retirement and decrease number …
Persistent link: https://www.econbiz.de/10012999835
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