left on the labor market prior to retirement. This short horizon implies a more digressive replacement ratio. However …, there is a sufficiently short distance to retirement for which flat unemployment benefits can be the optimal contract as the … optimal contract that integrates unemployment insurance and retirement pension systems. …

heavily refers to the recent U.S. Social Security reform debate in general and to the Personal Retirement Accounts proposal in … retirement. …

empirically characterize a Life- Cycle model of retirement and claiming decisions in terms of the employment, wage, health, and … retirement benefits claiming behavior in the United States; namely, higher unemployment uncertainty, higher unemployment benefits …

retirement and claiming decisions in terms of the employment, wage, health, and mortality uncertainty faced by individuals. Our … Early Retirement Age, while still explaining the increased claiming hazard at the Normal Retirement Age. We also discuss … remained very high in the last years even as the early retirement penalties have increased substantially compared with previous …

retirement and claiming decisions in terms of the employment, wage, health, and mortality uncertainty faced by individuals. Our … Early Retirement Age, while still explaining the increased claiming hazard at the Normal Retirement Age. We also discuss … remained very high in the last years even as the early retirement penalties have increased substantially compared with previous …

retirement decisions. In this context, we explicitly consider the participation decision of older individuals along with their … decision to claim Social Security retirement benefits, using a sequential decision structure. We have numerically solved and … exactly at the Early Retirement Age. The model is also able to replicate the declining labor force participation at older ages …

health and retirement estimated on the Norwegian labour market data. The paper focuses on the two main elements of the reform … drawing rules designed to eliminate the incentives distortions with respect to the time of retirement. The effects of these … the proposed pension reform succeeds in urging the older workers to postpone their retirement and induces an increase in …

We examine within a life-cycle set-up the simultaneous choice of health care and retirement (together with consumption …), when health care contributes to both a reduction in mortality and in morbidity. Health tends to impact on retirement via … morbidity, determining the disutility of work, and through longevity, determining the need to accumulate retirement wealth. In …

We examine within a life-cycle set-up the choice of health and retirement. Health care contributes to a reduction in … both mortality, determining the need to accumulate retirement wealth, and in morbidity, determining the disutility of work …. The retirement age affects health through the value of survival and the value of morbidity reductions. We compare the …