Showing 1 - 10 of 1,515
We model retirement behavior in Sweden during the 1990ies with focus on voluntary early retirement where there is an … retirement. Earlier studies have neglected such offers, but in doing so, estimates of the individuals' responses to financial … incentives in a retirement decision are likely to be biased upward. We propose an estimation strategy where the retirement …
Persistent link: https://www.econbiz.de/10010321591
retirement. The results remain robust when controlling for technological change and work commitment. …
Persistent link: https://www.econbiz.de/10010268867
Demographic change causes an undersupply of financial old age benefits within the statutory pay-as-you-go pension system in Germany. Therefore, the provision of occupational as well as private pensions has to be enhanced. However, there seems to be an undersupply of occupational pension...
Persistent link: https://www.econbiz.de/10010319277
This study investigates whether many people fear an unexpectedshock in their financial situation around retirement and … distribution of expectations andrealizations, suggest that individuals around retirement are overly pes-simistic and attach more …
Persistent link: https://www.econbiz.de/10010325606
active working life. Retirement through either of these pensions was and in 2006 still is an accessible exit route from the … labour market that provides a minimal but secure income flow. For those reaching the minimum legal retirement age, retirement … system make retirement very attractive, especially for those with bad labour market prospects. Accepting that this system was …
Persistent link: https://www.econbiz.de/10010494678
retirement decisions in developed countries. However, women's and couples' labour supply decisions and the patterns of withdrawal … examine how social security financial incentives and personal characteristics affects one's own and spouses' retirement … decisions. Our results suggested that couples synchronize retirement and that they respond similarly to their own …
Persistent link: https://www.econbiz.de/10010293260
left on the labor market prior to retirement. This short horizon implies a more digressive replacement ratio. However …, there is a sufficiently short distance to retirement for which flat unemployment benefits can be the optimal contract as the … optimal contract that integrates unemployment insurance and retirement pension systems. …
Persistent link: https://www.econbiz.de/10010269168
The present paper analyzes the budgetary impact of various Social Security reforms in the Belgian institutional setting. Our approach relies on parameters that were derived in Dellis et alii (2002) using a micro-modeling strategy. Focusing our attention on a hypothetical age cohort, we...
Persistent link: https://www.econbiz.de/10010272725
In order to estimate labour supply responses among older people we have employed a very simple model of retirement …-68 in 1996. The empirical model is employed to assess the impact on retirement of moving the Norwegian pension system … towards actuarial fairness. Future annual pension benefits are increased if retirement is postponed say, for one year. In one …
Persistent link: https://www.econbiz.de/10010275650
In this paper we analyse old-age retirement decisions of Slovenian men and women eligible to retire in the period 1997 …-2003. In comparison to established market economies, we find relatively high hazard rates of retirement that decline with age … versa. We also find that the probability of retirement increases with social security wealth and decreases with net wages …
Persistent link: https://www.econbiz.de/10010313454