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Life expectancies are rapidly increasing and uncertain in all countries in Europe. To keep pension systems affordable, policy reforms are to be implemented which will encourage individuals to work longer. In this paper we analyze the impact of working and living longer on pension incomes in five...
Persistent link: https://www.econbiz.de/10010530853
discussion on this matter is significant, as the lowering of the retirement age is happening in Poland. Postponement of … to making a choice on whether people at the age of retirement should be left with an unequivocal choice: either work and … pensioners in work and thus create an opportunity for people who receive a retirement pension to work as long as possible? The …
Persistent link: https://www.econbiz.de/10011857713
Within a politico-economic model we first establish three hypotheses: (i) Retirees generally prefer a higher retirement … age than workers, whereby just retired individuals prefer the highest retirement age, (ii) in equilibrium the level of the … legal retirement age is increasing in longevity and (iii) decreasing in the public pension replacement rate. We then test …
Persistent link: https://www.econbiz.de/10011966874
retirement age to 65 for both genders has a strong positive effect on sustainability of the pension system and keeps the deficit …
Persistent link: https://www.econbiz.de/10011890959
We propose a unified framework to measure the effects of different reforms of the pension system on retirement ages and … retirement decisions are explicitly modeled within a public pension system. Heterogeneity with respect to consumption preferences … behavior of households, we observe that feedback effects do occur. Results suggest that individual retirement decisions are …
Persistent link: https://www.econbiz.de/10011891939
In 1995, the UK government legislated to increase the earliest age at which women could claim a state pension from 60 to 65 between April 2010 and March 2020. This paper uses data from the first two years of this change coming into effect to estimate the impact of increasing the state pension...
Persistent link: https://www.econbiz.de/10009713947
In a previous study we examined the impact on employment of increasing the state pension age for women from age 60 to 61 (Cribb, Emmerson and Tetlow, 2013). This short paper incorporates more recent data, now available up to March 2014, which allows us to study the impact on employment over the...
Persistent link: https://www.econbiz.de/10010385004
that financial incentives for early retirement stem mainly from the Austrian tax system and not from the pension system …
Persistent link: https://www.econbiz.de/10011528214
We study the effect of an increase in the UK state pension age from 65 to 66, a high level internationally, on labour market activity. Despite there being limited financial incentives to retire at the state pension age, we find large effects: the employment rate of 65-year-olds increased by 7.4...
Persistent link: https://www.econbiz.de/10012822196
Germany recent reforms that aim at raising retirement age and cutting benefit levels should be complemented by increases in … ; tax-benefit linkage ; endogenous retirement ; population ageing …
Persistent link: https://www.econbiz.de/10009375717