In this paper, we consider how the retirement age as well as a tax financed pension system ought to respond to a change … perfect control over the individuals' labor supply and retirement-decisions, the results show that a decrease in the standard … deviation of life-length leads to an increase in the optimal retirement age and vice versa, if the preferences for 'the number …

retirement spells has been steadily increasing. We estimate the response of retirement timing to variations in unemployment rate …, inflation and housing prices. Flows into both full and partial retirement increase significantly when the unemployment rate … rises. Workers around normal retirement age are especially sensitive to variations in the unemployment rate. Workers who are …

We provide an explanation for the common finding that the effect of retirement on life satisfaction is negligible. For …-Economic Panel (GSOEP) and show that the effect of voluntary retirement on satisfaction with current household income is negative … voluntary and involuntary retirement. The effect of involuntary retirement is negative because the adverse effect on …

The paper studies the impact from variations in unemployment on retirement among older workers. We integrate … unemployment variations with early retirement programs and other pathways out of the labor force. The paper describes retirement … age of retirement. Individual panel data for the last 25 years are used in estimations of the impact from individual …

While some retirement is welcomed and on-time, other retirements are involuntary or forced due to the loss of a job, an … early retirement incentive, a health problem, mandatory retirement, lack of control with too many job strains, or to provide … involuntary retirement. Further, consideration is given to the economic consequences of retiring involuntarily. This research will …

The traditional approach to flexible retirement (e.g. NDC) neglects the impact of asymmetric information on actuarial … a redistributive second-best benefit-retirement-age schedule. Trying to combine the two approaches, the present paper …

scheme contains within-cohort redistribution and induces early retirement. Such a Pareto-improving reform entails the …-neutrality that stimulates later retirement further improves such a flexibility reform. …

eligible for early retirement between 1993 and 1996. Random utility approach is applied to rationalize the observed shifts … between four main stages on the labour market. Specific attention is paid to the retirement decisions. Based on the finest …

retirement incentives and work incentives of prime-age workers. We find that postponed retirement tends to harm incentives of …

The paper reviews large literature on retirement, keeping in mind the goal of finding a suitable model to the labour … defining retirement. The second section deals with a multitude of labour market exit channels. Specific features of modelling … old-age retirement, disability, sick leave, and unemployment of the aged are explained. The third section is concerned …