effects of early retirement disincentives on retirement behavior, individual welfare, pensions and public budget. We employ … retirement model. We find that labor market participation and retirement behavior in general are strongly influenced by the level …

contribution scheme. In particular we examine the relationship between retirement, fertility and pensions in a three …-period overlapping generations model. We focus on both the case of mandatory retirement and the case where the retirement age is freely … chosen. In the case of mandatory retirement, increasing longevity has an unambiguously negative impact on fertility and …

We find that segments of society who have shorter life expectancy can expect a lower retirement income and lifetime … utility due to the longevity of other groups participating in the same pension scheme. Linking retirement age to average life …