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endogenous retirement. Labor taxation distorts not only labor supply, but also education and retirement decisions. Actuarially … unfair pensions further exacerbate labor tax distortions on retirement. Education subsidies can nevertheless cushion the … adverse impact of taxation on skill formation. Feedbacks between education, labor supply, and retirement are important. The …
Persistent link: https://www.econbiz.de/10010264345
We examine the impact of mandatory retirement on the retirement decisions of professors in Canada using administrative … data. We find that the age distributions of professors at universities without mandatory retirement and those at … universities with mandatory retirement at age 65 have diverged over time with a higher fraction of professors over the age of 65 …
Persistent link: https://www.econbiz.de/10010290429
Persistent link: https://www.econbiz.de/10011696800
-time retirement behaviour in Sweden. During the 1980s, older workers had the option of partial retirement with an income replacement … women chose part-time retirement after the reduction in benefit levels in 1981. There was an approximate 4 percentage point … drop in the partial retirement propensity among eligible 60-year old men, and a 5.7 percent drop among women. This …
Persistent link: https://www.econbiz.de/10010321446
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
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
The Non-financial (Notional) Defined Contribution (NDC) PAYGO pension scheme is a recent innovation and its generic dimensions have not previously been explored in a coherent context. This paper does this. It derives and analyzes the demographic, economic and distributional properties of NDC....
Persistent link: https://www.econbiz.de/10010321427
Ende August hat die „Kommission für die Nachhaltigkeit in der Finanzierung der Sozialen Sicherungssysteme“ („Rürup-Kommission“) der Bundesregierung ihren Bericht vorgelegt. Hierin wird, ebenso wie im Bericht der „Herzog-Kommission“ „Soziale Sicherheit _ zur Reform der sozialen...
Persistent link: https://www.econbiz.de/10010302873
Persistent link: https://www.econbiz.de/10010303466