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This paper examines the impact of the 34% increase in pensions in Russia at the end of 2009 and the beginning of 2010 … on the labor market participation of pensioners. Several particular features of the pension system in Russia allow us to …
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A generous PAYG defined benefit pension system can guarantee retirees to have comfortable life, but the state budget may not be sustainable when the population is ageing. On the other hand, a defined contribution pension system guarantees state budget sustainability, but making retirees’...
Persistent link: https://www.econbiz.de/10013448449
close to retirement. The age pattern is partly explained by the positive effect of pension wealth on disability pensions …
Persistent link: https://www.econbiz.de/10014370431
We study the effects of retirement on cognitive functioning among women aged 63 to 67 by exploiting a German retirement … reform that raised the early retirement age for women born after 1951 by three years, from 60 to 63. Our indicators of … of around 12% of a standard deviation per year in retirement for measures of fluid intelligence and of an insignificant 6 …
Persistent link: https://www.econbiz.de/10015211248
retirement behavior as low-skilled Germans. The results are consistent with low-skilled workers in Germany being frozen in a …
Persistent link: https://www.econbiz.de/10010470896
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 …
Persistent link: https://www.econbiz.de/10011440834
effects of early retirement disincentives on retirement behavior, individual welfare, pensions and public budget. We employ … retirement model. We find that retirement behavior is strongly influenced by the level of disincentives. Further, disincentives …
Persistent link: https://www.econbiz.de/10011595496