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work strongly in the direction of even shorter durations of retirement and longer durations of work. These new pressures … retirement years in large numbers, increasing the demand for older workers. On the supply side, there will be a large in increase … market scenarios. Delaying work-retirement transitions by even this amount would have large, positive economic and fiscal …
Persistent link: https://www.econbiz.de/10009144509
Using data from three waves of the General Social Survey on retirement and older workers (1994, 2002 and 2007), we … document the evolution of retirement patterns over the last three decades. We combined the analysis of retirement ages of … actual retirees with data on expected retirement ages of current workers to create a longer perspective on changes in …
Persistent link: https://www.econbiz.de/10009368559
-durables significantly decreases at the time of retirement -- a finding that is inconsistent with the standard life-cycle model of … consumption if retirement is an anticipated event. This fall in expenditure has become known as the `retirement- consumption … fall in expenditures on groceries, food consumed at home and outside meals with retirement. The observed decline in …
Persistent link: https://www.econbiz.de/10008680618
In this paper we raise the question, as to whether retirement is lost as we currently know it in Canada. Here we look … at the retirement research according to the scope of retirement and the new retirement, possible theoretical developments …, the timing of transitions into retirement and life as a retiree including the quality of pensions. On the basis of this …
Persistent link: https://www.econbiz.de/10010550447
Does retirement represent a state of relative prosperity or a time of unanticipated economic hardship? To assess … whether individuals are successful in smoothing their well-being across the transition to retirement we analyse measures of …-reported change in their standard of living, financial security, and overall happiness over the transition to retirement. It is found …
Persistent link: https://www.econbiz.de/10010551721
Identifying the effect of the financial incentives created by social security systems on the retirement behaviour of … retirement probability by approximately 10 percent. In addition, we find that the social security reform induced significant … funding retirement. …
Persistent link: https://www.econbiz.de/10010551722
This paper examines income inequality over stages of the later-life course (age 45 and older) and systems that can be used to mitigate this inequality. Two hypotheses are tested: (i) Levels of income inequality decline during old age because public benefits are more equally distributed than work...
Persistent link: https://www.econbiz.de/10005763271
retirement income. More precisely, this paper, which is based on two Statistics Canada surveys (Survey of Consumer Finances and … retirement income sources has been realized, while discerning five distinct categories: net government transfer payments, CPP … retirement income have become substantially more diversified and privatized during the period under study. These adjustments are …
Persistent link: https://www.econbiz.de/10005763321
retirement and aging decisions including: time to retirement between spouses, financial planning, and health related retirement …
Persistent link: https://www.econbiz.de/10005763329
While some retirement is welcomed and on-time, other retirements are involuntary or forced due to the loss of a job, an … early retirement incentive, a health problem, mandatory retirement, lack of control with too many job strains, or to provide … involuntary retirement. Further, consideration is given to the economic consequences of retiring involuntarily. This research will …
Persistent link: https://www.econbiz.de/10008568474