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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
paid by the employer until the full retirement age. Exploiting a rich set of administrative data, we study the effect of … this reform on workers' employment and various social security benefits (i.e. unemployment, disability, early retirement …-Credit, i.e., a social security program that facilitates working time reductions at the end of the career. For women, we find no …
Persistent link: https://www.econbiz.de/10013414944
This paper studies the impact of raising the eligibility age of early retirement on the re-integration into the labor … market of elderly unemployed workers. I exploit two Austrian pension reforms increasing the early retirement age step … gender difference in how unemployed workers are affected by the policy change. While unemployed women only benefit little …
Persistent link: https://www.econbiz.de/10012316861
retirement program for women born after 1951, effectively raising the ERA for women by three years. We analyze the effects of … retirement age (ERA). Raising the ERA has the potential to extend contribution periods and to reduce the number of pension … and potential program substitution in a regression-discontinuity framework. Germany abolished an important early …
Persistent link: https://www.econbiz.de/10011641381
retirement program for women born after 1951, effectively raising the ERA for women by three years. We analyze the effects of … retirement age (ERA). Raising the ERA has the potential to extend contribution periods and to reduce the number of pension … and potential program substitution in a regression-discontinuity framework. Germany abolished an important early …
Persistent link: https://www.econbiz.de/10011630967
workers who exogenously lose eligibility for their early retirement option. We use detailed Norwegian matched employer … in losing eligibility for early retirement benefits between ages 62–67 years in Norway. We find that reemployment rates … are indistinguishable between workers who just retain eligibility for early retirement benefits and those who just do not …
Persistent link: https://www.econbiz.de/10013214742
We study causal effects of two early retirement reforms. Reform 1 (NRA) increased normal retirement age stepwise from … 60 to 63. 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 investigate behavioral responses to the reforms using administrative …
Persistent link: https://www.econbiz.de/10012314949
Germany. As consequence of this policy reform, the time to retirement is increased from the perspective of recently unemployed …This study examines an increase in the early retirement age from 60 to 63 for the group of older unemployed men in … risk of leaving the state unemployment into employment or into early retirement due to exceptional rules. We find a …
Persistent link: https://www.econbiz.de/10013083666
Germany. As consequence of this policy reform, the time to retirement is increased from the perspective of recently unemployed …In Deutschland wurde die Altersgrenze für Altersrente wegen Arbeitslosigkeit oder nach Altersteilzeitarbeit von 60 auf …This study examines an increase in the early retirement age from 60 to 63 for the group of older unemployed men in …
Persistent link: https://www.econbiz.de/10009722390
activity not only decreases the participation rate by inducing early retirement, but also badly affects the employment rate of … older workers just before early retirement age. Countries with an early retirement age at 60 also have lower employment … significantly affected by the distance from retirement, in addition to age and other relevant variables. We then extend McCall …
Persistent link: https://www.econbiz.de/10003283431