This paper examines how families adjust their private old-age savings in response to a change in individual pension wealth. The regression discontinuity approach exploits two expansions of the child care pension benefit, in 1992 and in 1999, as natural experiments. The empirical analysis is...

Retirement policies are individually designed but the majority of people of retirement age live as couples. We estimate the effects of a French pension reform on spouses' employment decisions. We use labor-force survey data, pooled over different years, on fifty thousand French couples and apply...

Retirement policies are individually designed but the majority of people of retirement age live as couples. We estimate the effects of a French pension reform on spouses' employment decisions. We use labor-force survey data, pooled over different years, on fifty thousand French couples and apply...

This paper uses a Regression Kink Design to estimate the labor supply effects of changes in the financial incentives in the pension system. In particular we analyze the effect of the introduction of pension deductions for early retirement on female labor supply behavior. This reform allows to...

This paper provides a clear and transparent setting to study the effect of additional pension benefits on women's retirement decision. Using administrative pension insurance records from Germany, I examine the impact of a pension subsidy program to low pay workers, implemented in 1992. The...

Most economic models consider sleeping as a pre-determined and homogeneous constraint on individuals' time allocation neglecting its potential effects on health and human capital. Several medical studies provide evidence of important associations between sleep deprivation and health outcomes...

Variable annuities are insurance products that contain guarantees and using the Monte Carlo method to calculate the fair market values of these guarantees for a large portfolio of such products is extremely time consuming. In this paper, we propose the class of GB2 distributions to model the...