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retirement incentives and work incentives of prime-age workers. We find that postponed retirement tends to harm incentives of …
Persistent link: https://www.econbiz.de/10010294044
Many pay-as-you-go pension systems have increased or plan to increase their legal retirement age (LRA) to address the …
Persistent link: https://www.econbiz.de/10010275830
This paper discusses the specificities of the labor market for older workers. It discusses the implications of those specificities for the effect of labor market institutions on the employability of those workers. It shows that while unemployment benefits indexed backwards and hiring costs are...
Persistent link: https://www.econbiz.de/10010271319
health and retirement estimated on the Norwegian labour market data. The paper focuses on the two main elements of the reform … drawing rules designed to eliminate the incentives distortions with respect to the time of retirement. The effects of these … the proposed pension reform succeeds in urging the older workers to postpone their retirement and induces an increase in …
Persistent link: https://www.econbiz.de/10010285595
In this paper we develop a life cycle model of labor supply and retirement to study the interactions between health and … incentives for the continued employment of older workers. In particular, the model predicts an increase in the average retirement …
Persistent link: https://www.econbiz.de/10010281292
participation of older worker in the labour market, in this paper we try to shed light on employment and retirement behaviour while … characterized by moderately generous income support while working along with lower pension entitlement in early retirement yield …
Persistent link: https://www.econbiz.de/10010288292
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
pension rights. We find that this exogenous shock to pension rights postpones expected retirement and increases participation …
Persistent link: https://www.econbiz.de/10010271295
reduction in hours of work, before retirement, on the moment of exit from the labor force. If, as often suggested, flexibility … in hours of work is a useful measure to postpone retirement, then a reduction in working hours should be associated with … retirement at later ages. Results prove otherwise suggesting that reducing hours of work before retirement is associated with …
Persistent link: https://www.econbiz.de/10010282150
If retirement means a substantial and sustained reduction in the time spent working for pay or profit, measurement … retirement is about 63 for men, 62 for women. That is true for all cohorts. If earning up to half of one's previous employment …
Persistent link: https://www.econbiz.de/10010289649