I estimate the effect of additional pension benefits on women's retirement decisions by examining a German pension subsidy program for low-pay workers. The subsidies have a kinked relationship with the recipients' past contributions, creating a sharply different slope of benefits for similar...

The retirement decision is under researched in developing and emerging countries, despite the topic's close relation to many development issues such as poverty reduction and social security, and despite the fact that population ageing will increasingly challenge the developing world. This paper...