hypothetical pensions U.S. workers would have obtained between 1911 and 1999 if they had accumulated retirement savings in … present in certain types of public retirement system, but a public system has one important advantage over private pensions …

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

of years spent in retirement' are characterized by constant or decreasing absolute risk aversion. A similar result …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 …

As a preliminary step, we first provide some new empirical evidence that labor market conditions affect retirement … propose an equilibrium unemployment approach to retirement decisions that allows us to unveil the factors which explain why …: the retirement decision of unemployed workers depends on the labor-market frictions whereas that of employed workers does …

Pay-as-you-go pension programs can help to share risk amongst generations. While a wage-indexed pension program is best … suited to share labor income risk, I show that the combination of stochastic labor income and stochastic population growth … may reduce the possibilities for intergenerational risk sharing: Labor income risk can only be shared when individuals are …

We estimate the impact of health and financial incentives on the retirement transitions of older workers in Spain … derived as changes in a composite health stock measure over time. We examine labour market exits into both old age retirement … and a broader definition of retirement including inactivity, while controlling for unobserved heterogeneity. We find that …

This study exploits a new dataset in order to quantify the effect of financial incentives on retirement choices. This … Wise (2004), we find that financial incentives have an effect on retirement. The effect goes in the expected direction … their retirement probability increases in a sizable way. We also find that the procedure to impute seniority used in …

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 …