The retirement decision is under researched in developing and emerging countries, despite the topic's close relation to … threefold increase in the legal minimum pension on labor supply and retirement behaviour at older ages. Applying difference … income effect that caused additional retirement of 30 to 47 percent. Additional evidence suggests that retirement incentives …

between the mid-1990s and the mid-2010s, the effective retirement age rose rapidly in the Central and Eastern European region …. This increase was fast enough to keep life expectancies at the effective retirement age practically unchanged. In effect … maintaining the current life expectancies at retirement over the next thirty years requires less effort in terms of further …