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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
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
time period 1996-2015. We examine the transition from unemployment to retirement as a multi-year process. We analyse …
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
workers who exogenously lose eligibility for their early retirement option. We use detailed Norwegian matched employer … in the loss of eligibility for early retirement benefits between ages 62-67 years in Norway. We find that re …-employment rates are indistinguishable between workers who just retain eligibility for early retirement benefits and those who just do …
Persistent link: https://www.econbiz.de/10013341538
The labor market effects of pension reform stem from retirement behavior and from job search and hours worked of prime …
Persistent link: https://www.econbiz.de/10010264263
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
We investigate the unemployment pathway to retirement in Germany and study the causal effects of two early retirement … reforms. Reform 1 (NRA) increased normal retirement age stepwise from 60 to 65. Simultaneously, it became possible to use … early retirement with benefit discounts. Reform 2 (ERA) increased the age of early retirement stepwise from 60 to 63. We …
Persistent link: https://www.econbiz.de/10012745216
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
time period 1996-2015. We examine the transition from unemployment to retirement as a multi-year process. We analyse …
Persistent link: https://www.econbiz.de/10012959037