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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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close to retirement. The age pattern is partly explained by the positive effect of pension wealth on disability pensions …
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financial incentives for early retirement stem mainly from the Austrian tax system and not from the pension system itself. …
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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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reforms in Italy, we argue that delayed retirement represents a negative shock to the supply of informal childcare for the …
Persistent link: https://www.econbiz.de/10011283009