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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
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
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
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
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
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
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
supply as well as a reduction in undeclared work. The increase of the statutory retirement ages for men and women have … increased average employment rates of the elderly, but also retirement through alternative schemes, most notably disability … pensions and early retirement pensions. In a few cases, the Estonian benefit schemes generate disincentives to seek for a job …
Persistent link: https://www.econbiz.de/10010273968
We examine the role of declining mortality in explaining the rise of retirement over the course of the 20th century. We … of death. In an environment in which mortality is high, an individual who saved up for retirement would face a high risk …. As mortality falls, however, it becomes optimal to plan, and save for, retirement. We simulate our model using actual …
Persistent link: https://www.econbiz.de/10010319000
When the age of death is uncertain, individuals will leave bequestseven if they have no desired bequestssimply because they will hold wealth against the possibility of living longer. Bequests are accidental. Starting from a baseline level of Social Security benefits, an increase in benefits will...
Persistent link: https://www.econbiz.de/10010273827