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 …

advocated policy response is to increase retirement age. Ironically, however, the political support for this policy may actually …) from pension reforms referenda, we show in fact that individuals close to retirement tend to oppose policies that postpone … retirement, whereas young and elderly individuals are more favorable. The current process of population aging, and the associated …