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-time retirement behaviour in Sweden. During the 1980s, older workers had the option of partial retirement with an income replacement … women chose part-time retirement after the reduction in benefit levels in 1981. There was an approximate 4 percentage point … drop in the partial retirement propensity among eligible 60-year old men, and a 5.7 percent drop among women. This …
Persistent link: https://www.econbiz.de/10010321446
are for the timing of retirement. The new pension system provides a much closer link between contributions and benefits … than the former system. I study whether the reform has led to delayed retirement by examining the retirement patterns of … retirement hazard among latter born cohorts, who were more affected by the reform. This implies that retirement is delayed. Most …
Persistent link: https://www.econbiz.de/10010321383
In this paper, we examine whether adult education delays retirement and increases labour force participation among the … indicate no effects of adult education on the timing of retirement. …
Persistent link: https://www.econbiz.de/10010273961
In general, retirement is seen as a pure labor supply phenomenon, but firms can have strong incentives to send … expensive older workers into retirement. Based on the seniority wage model developed by Lazear (1979), we discuss steep … seniority wage profiles as incentives for firms to dismiss older workers before retirement. Conditional on individual retirement …
Persistent link: https://www.econbiz.de/10011310806
supply and endogenous retirement. In this environment, the optimal labor tax is hump-shaped in age: insurance benefits of … taxation push for increasing-in-age taxes while rising labor supply elasticities and optimal late retirement of highly … combination of age-dependent linear taxes with increasing-in-age retirement benefits generates welfare gains close to optimal. …
Persistent link: https://www.econbiz.de/10012030361
Old-age pension reform is on the agenda across the OECD, and a key target is to delay retirement. Most of these … quantitative life-cycle model with endogenous retirement to study how DI and old-age pension (OA-pension) systems interact with … health and wages to determine retirement age, with particular focus on the macroeconomic effects of OA-pension reforms …
Persistent link: https://www.econbiz.de/10012143919
health status, take up of sickness benefits, retirement, the utilization of health care and social care and the dynamics of …
Persistent link: https://www.econbiz.de/10010321560
We model retirement behavior in Sweden during the 1990ies with focus on voluntary early retirement where there is an … retirement. Earlier studies have neglected such offers, but in doing so, estimates of the individuals' responses to financial … incentives in a retirement decision are likely to be biased upward. We propose an estimation strategy where the retirement …
Persistent link: https://www.econbiz.de/10010321591
gaps, non-separable leisure preferences, and endogenous retirement. To inform key preference parameters, our calibration … exploits quasiexperimental evidence of spousal retirement spillovers from a pension reform in Norway. We show that the …
Persistent link: https://www.econbiz.de/10015195460
In this paper, the author deals with the question how to make PAYG pension systems financially resistant to fluctuating fertility rates. The author presents two pension schemes that lead to a permanently balanced budget but differ in the mixture of changes in the contribution rates and...
Persistent link: https://www.econbiz.de/10013370012