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and planned retirement timing decisions. Theory predicts that hyperbolic time preferences can lead to dynamically … inconsistent retirement timing. We find that time inconsistent participants retire on average 1.75 years earlier than time … consistent participants. Participants, who are not yet retired, decrease their planned retirement age as they grow older. This …
Persistent link: https://www.econbiz.de/10012855524
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 …
Persistent link: https://www.econbiz.de/10010282314
out of unemployment because they become eligible to receive pension benefits. We use a unique dataset covering the … time period 1996-2015. We examine the transition from unemployment to retirement as a multi-year process. We analyse … to receive pension benefits leads individuals 'wait' to fulfil these eligibility criteria. …
Persistent link: https://www.econbiz.de/10011636685
retirement spells has been steadily increasing. We estimate the response of retirement timing to variations in unemployment rate …, inflation and housing prices. Flows into both full and partial retirement increase significantly when the unemployment rate … rises. Workers around normal retirement age are especially sensitive to variations in the unemployment rate. Workers who are …
Persistent link: https://www.econbiz.de/10010221835
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 …
Persistent link: https://www.econbiz.de/10009536410
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 …
Persistent link: https://www.econbiz.de/10013106958
out of unemployment because they become eligible to receive pension benefits. We use a unique dataset covering the … time period 1996-2015. We examine the transition from unemployment to retirement as a multi-year process. We analyse … to receive pension benefits leads individuals 'wait' to fulfil these eligibility criteria …
Persistent link: https://www.econbiz.de/10012959037
retirement spells has been steadily increasing. We estimate the response of retirement timing to variations in unemployment rate …, inflation and housing prices. Flows into both full and partial retirement increase significantly when the unemployment rate … rises. Workers around normal retirement age are especially sensitive to variations in the unemployment rate. Workers who are …
Persistent link: https://www.econbiz.de/10010329012
retirement spells has been steadily increasing. We estimate the response of retirement timing to variations in unemployment rate …, inflation and housing prices. Flows into both full and partial retirement increase significantly when the unemployment rate … rises. Workers around normal retirement age are especially sensitive to variations in the unemployment rate. Workers who are …
Persistent link: https://www.econbiz.de/10013061926
In this paper we provide a description of the labor market in the Netherlands. Compared to other OECD countries labor force participation is high and the unemployment rate is low (also for young workers). Among the unemployed there are, however, relatively many long-term unemployed workers....
Persistent link: https://www.econbiz.de/10003912104