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Extending working lives is often proposed as one route through which the costs associated with population ageing can be managed. In that context, understanding who currently works for longer can help policymakers to design policies to facilitate longer working. In particular, it is important to...
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people do not know what amount will be paid out on retirement and/or whether the payments will be in the form of lump …
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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 … the effect. Results suggest that the effect of the changes in early retirement age is substantial, amounting to 5 …
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surprisingly modest when translated into the implied effect on average retirement ages: an increase in statutory pension ages by … one year is typically estimated to increase the average effective retirement age by only about two months. …
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