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versa. We also find that the probability of retirement increases with social security wealth and decreases with net wages …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 …
Persistent link: https://www.econbiz.de/10010313454
Theoretical models predict a positive impact of the level of individual wealth on the job exit probability. Empirically … this prediction is most likely to be relevant for elderly workers who have accumulated wealth throughout their working life … the introduction of more individual freedom of choice in pension schemes. The individual level of wealth will become an …
Persistent link: https://www.econbiz.de/10010325195
. It is likely that the individual level of wealth will become an increasingly important factor in the retirement decision …In the literature theoretical models have appeared that predict a positive impact of the level of individual wealth on … to accumulate wealth throughout their working life and whose residual working life is relatively short. In the …
Persistent link: https://www.econbiz.de/10010271873
The transition to market in Slovenia created labor displacements that were on par or greater than that experienced in …
Persistent link: https://www.econbiz.de/10010276083
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
retirement. The results remain robust when controlling for technological change and work commitment. …
Persistent link: https://www.econbiz.de/10010268867
ein negativer Interaktionseffekt. Der marginale Effekt des Einkommensrisikos auf den Lohn ist positiv. Der marginale …
Persistent link: https://www.econbiz.de/10011698344
Many European countries restrict immigration from new EU member countries. The rationale is to avoid adverse wage and employment effects. We quantify these effects for Germany. Following Borjas (2003), we estimate a structural model of labor demand, based on elasticities of substitution between...
Persistent link: https://www.econbiz.de/10010298731