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We study the effect of an increase in the UK state pension age from 65 to 66, a high level internationally, on labour market activity. Despite there being limited financial incentives to retire at the state pension age, we find large effects: the employment rate of 65-year-olds increased by 7.4...
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Employment data in India is far from adequate if policy responses have to be more effective and timely. Most employment surveys suffer from drawbacks such as limited data coverage, infrequent data collection and long time lags. To address these gaps and revamp the existing employment data...
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close to retirement. The age pattern is partly explained by the positive effect of pension wealth on disability pensions …
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-temporal labour supply, (iii) the optimal share of wealth to invest in a risky asset, and (iv) the optimal retirement age. The wage of … after retirement he received a utility that is proportional to the remaining human capital. Finally, a numerical simulation …
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