reduction in hours of work, before retirement, on the moment of exit from the labor force. If, as often suggested, flexibility … in hours of work is a useful measure to postpone retirement, then a reduction in working hours should be associated with … retirement at later ages. Results prove otherwise suggesting that reducing hours of work before retirement is associated with …

retirement is about 63 for men, 62 for women. That is true for all cohorts. If earning up to half of one's previous employment …If retirement means a substantial and sustained reduction in the time spent working for pay or profit, measurement … income is deemed consistent with being retired, the median age is about 60 for both men and women. Results obtained in this …

women, (b) maintain the existing retirement age but require older workers to work longer per-period hours. There are reasons …-off between later retirement versus increased work intensity, produce relevant background facts, and provide estimates of the …

Many pay-as-you-go pension systems have increased or plan to increase their legal retirement age (LRA) to address the … reform introduced in Portugal in 1994: women's LRA was gradually increased from 62 to 65 years while men's LRA stayed … with the law, we find that the wages and hours worked of older women (those required to work longer) were virtually …

The paper asks why retirement can be so abrupt in countries such as France (1/2% of the workforce over 65), yet staged … make little allowance for fair pension increases if retirement is deferred. While these laws have begun to change, we find …

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 …

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 …

increasingly important factor in the retirement decision. Therefore it is relevant to know whether workers with a different …

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 …