Quality of life and satisfaction with life are of particular importance for individuals as well as for society concerning the "demographic change" with now longer retirement periods. This study will contribute to the life satisfaction discussion and quantifies life satisfaction and pattern of...

The public pension system in Germany allows early retirement albeit at the cost of pension deductions. Deductions are calculated under the assumption that life expectancy is independent of the age of retirement and apply equally for men and women. The "fair" amount of deductions is currently...

We investigate the responsiveness of individual retirement decisions to changes in financial incentives. The causal effect is identified based on the natural experiment generated by an institutional reform. The results of a binary retirement model are robust to alternative model specifications,...

In several developed countries, the ageing process of the population may pose fiscal risks to the PAYG systems of public pensions. This paper studies the determinants of two forms of accessing retirement in Spain, either partial or full retirement. Our goal is to identify if social security...

Flexible work time and retirement options are a potential solution for the challenges of unemployment, aging populations, and unsustainable pensions systems around the world. Voluntary part-time workers in Europe and the US are happier, experience less stress and anger, and are more satisfied...

Die Öffentlichkeit unterliegt drei Irrtümern in Hinblick auf die gesetzliche Rente: Es wird behauptet, dass die Rente mit 67 rentenkürzend wirkt, dass die Renten im Osten Deutschlands geringer sind als im Westen, und dass eine Ausweitung der Beitragsbemessungsgrenze die Finanzierungsprobleme...

This paper provides empirical evidence on the effect of changing the retirement age on employment. Base on individual data from Hungary, a country where a number of hikes increased the retirement age between 1997 and 2009, this analysis benefits from substantial variation in pension eligibility...

The Danish labor market follows the trend in other countries of increasing labor force participation in the 60+ group. In Denmark, this increase has - until now - been most pronounced among 60-64-year-olds and among women. Increasing labor force participation is related to both a decline in the...