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impact of partial retirement on employment will be simulated below. The results show that unrestricted access to partial … retirement can lead to an increase in employment volume and generate positive fiscal effects. The effects on employment are …
Persistent link: https://www.econbiz.de/10011762779
employment rate since workers also apply for more disability and unemployment benefits. Moreover, most of them simply retire … health, with lower occupational grades and lower pay levels are the most constrained by the reform, experiencing the highest … delay in pension claims, increase in employment, and inactivity. All in all, this paper shows that raising the NRA could …
Persistent link: https://www.econbiz.de/10012815174
the consequences of individual financial incentive changes caused by a pension reform in Germany on employment …
Persistent link: https://www.econbiz.de/10012119880
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)...
Persistent link: https://www.econbiz.de/10012745216
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)...
Persistent link: https://www.econbiz.de/10012697080
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...
Persistent link: https://www.econbiz.de/10012314949
preference is particularly visible in countries where employers perceive the level of employment protection to be high. The only …
Persistent link: https://www.econbiz.de/10013082570
pension risk and provides insurance to workers facing health or productivity shocks. Flexible retirement and flexible pension …. Institutions often hamper employment past the ‘standard retirement age’. Moreover, the hiring rates of older workers are low and …
Persistent link: https://www.econbiz.de/10014185188
In this paper we take advantage of differences in the legal status of mandatory retirement in Canada across jurisdictions and over time to assess its impact on the share of older people working. The results suggest that making mandatory retirement illegal would have little effect on the size of...
Persistent link: https://www.econbiz.de/10014070756
employment recoveries relative to output since 1990, using a DSGE model. Empirically, I document the underexplored pro … quasi-fixed employment costs at recoveries; (2) tight financial conditions have also persisted longer into recent recoveries …. The model generates 3-to-7-quarter delays in employment recoveries for the post-1990 period but no delay for before …
Persistent link: https://www.econbiz.de/10010227889