Using Italian data, we estimate an option value model to quantify the effectof financial incentives on retirement … simulation study to gauge theeffects of a dramatic pension reform. Underestimation of the value of leisuretranslates into …

the effect of an exogenous increase in the length of the residual work horizon - triggered by a pension reform that … increased minimum retirement age - on middle-aged employees' absence from work due to sick leaves. We find that this effect is …

The article presents an insight into the old age pension system in Italy. The introduction is followed by four topic … paragraphs: 1. the general information about the country, 2. the historical development of its pension system, 3. the present … employed by the Italian’s pension system, in search for ideas worth consideration in international comparisons. In the summary …

A structural model for retirement and employment based on a flexible, parametric utility function is developed. The … retirement has strong similarities. The utility function estimates from a model with no consumption smoothing, seem more … cuts in pension benefits in Norway than in Italy. …

By increasing the residual working horizon of employed individuals, pension reforms that raise minimum retirement age … individual health. Using the exogenous variation in minimum retirement age induced by a sequence of Italian pension reforms … are likely to affect the returns to investments in health-promoting behaviours before retirement, with consequences for …

Pension reforms that raise minimum retirement age increase the pool of senior individuals aged 50+ who are not eligible … estimate the effects of local changes in the supply of workers aged between 50 and minimum retirement age on youth, prime age … of growing real GDP, show smaller negative effects for young workers, suggesting that the employment costs of pension …

Pension reforms that raise minimum retirement age increase the pool of senior individuals aged 50+ who are not eligible … estimate the effects of local changes in the supply of workers aged between 50 and minimum retirement age on youth, prime age … of growing real GDP, show smaller negative effects for young workers, suggesting that the employment costs of pension …

This paper looks at the relationship between the institutional design of the social security system and retirement from … provide enough variability in their welfare programs that can be exploited to explain differences in retirement behavior. We …

A structural model for retirement and employment based on a flexible, parametric utility function is developed. The … retirement has strong similarities. The utility function estimates from a model with no consumption smoothing, seem more … cuts in pension benefits in Norway than in Italy. …

% of GDP) and the system has been very generous on early retirement possibilities: the reforms have tried to tackle these …