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We consider the retirement behavior of civilian employees of the United States government. Unlike previous studies … the financial aspects of individual retirement decisions with a reasonable degree of precision. A large fraction of civil … the expected wait until the pension commences affect the timing of retirement from the Federal service. (2) The rate of …
Persistent link: https://www.econbiz.de/10013213091
We consider the retirement behavior of civilian employees of the United States government. Unlike previous studies … the financial aspects of individual retirement decisions with a reasonable degree of precision. A large fraction of civil … the expected wait until the pension commences affect the timing of retirement from the Federal service. (2) The rate of …
Persistent link: https://www.econbiz.de/10012478313
This chapter reviews the theoretical and empirical issues dealing with Social Security pensions. The first part of the chapter discusses pure pay-as-you-go plans. It considers the effects of introducing such a plan on the present value of consumption, the optimal level of benefits in such plans,...
Persistent link: https://www.econbiz.de/10014024857
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This paper studies retirement and child support policies in a small, open, overlapping-generations economy with PAYG … social security and endogenous retirement and fertility decisions. It demonstrates that neither fertility nor retirement … the retirement age. Finally, the model is simulated in order to study whether the policies devoted to realizing the social …
Persistent link: https://www.econbiz.de/10012405524
Persistent link: https://www.econbiz.de/10012307304
Retirement Age (FRA). Sharp discontinuities generated by the reform reveal that raising the FRA while imposing small early … claiming penalties significantly delays pension claiming and retirement, but imposing large penalties and holding the FRA fixed …
Persistent link: https://www.econbiz.de/10012256958
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