Showing 1 - 10 of 172
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...
Persistent link: https://www.econbiz.de/10012822196
close to retirement. The age pattern is partly explained by the positive effect of pension wealth on disability pensions …
Persistent link: https://www.econbiz.de/10014370431
Persistent link: https://www.econbiz.de/10012588325
Evasion of labor market regulations in middle income countries is systemic. This is generally known as informality. In Latin America, where less than 50% of workers are registered with social security, this is a permanent phenomenon and encompasses a variety of economic realities ranging from...
Persistent link: https://www.econbiz.de/10012586505
Persistent link: https://www.econbiz.de/10014534662
This paper examines the effects of non-contributory pension programs at the federal and state levels on Mexican households' saving patterns using micro data from the Mexican Income and Expenditure Survey. The federal program by itself appears to reduce the saving rate of households whose oldest...
Persistent link: https://www.econbiz.de/10011544981
We use matched employer-employee data from Sweden to study the role of the firm in affecting the stochastic properties of wages. Our model accounts for endogenous participation and mobility decisions. We find that firm-specific permanent productivity shocks transmit to individual wages, but the...
Persistent link: https://www.econbiz.de/10012631559
This paper examines the implicit subsidies within pension systems across Latin America and the Caribbean (LAC) region. We first calculate the theoretical benefits of pension for hypothetical workers in 25 countries in LAC. We show that, on average, LAC's pension systems are subsidized, as they...
Persistent link: https://www.econbiz.de/10014545279
We examine the labour supply response of senior doctors in England following a reform of the public sector pension system that moved employees from a final salary to a career average pension plan. Exploiting the staggered rollout of the reform across narrowly defined age groups, we find that...
Persistent link: https://www.econbiz.de/10014382038
financial incentives for early retirement stem mainly from the Austrian tax system and not from the pension system itself. …
Persistent link: https://www.econbiz.de/10011717795