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literature on household saving behavior in Japan (with emphasis on the author's own past research) to shed light on whether or … not the selfish life-cycle model applies in the case of Japan. In particular, we survey the literature on the impact of … almost all of the available evidence suggests that the selfish life-cycle model applies to a greater extent in Japan than it …
Persistent link: https://www.econbiz.de/10012195738
criterion to rank them but that the retirement motive is the most important saving motive of European households if the … importance of each saving motive, with saving for the retirement motive being less important in countries with generous public … findings suggest that the retirement motive and the precautionary motive are the dominant motives for saving in Europe partly …
Persistent link: https://www.econbiz.de/10015047840
This paper investigates the effects of increasing the eligibility age for public pension on workers' retirement … decisions, focusing on recent Japanese public pension reforms. In Japan, the pensionable age for Employees' Pension Insurance …
Persistent link: https://www.econbiz.de/10012848177
In this paper, we analyze the wealth accumulation and saving behavior of the retired elderly in Italy using micro data from the "Survey of Italian Households' Income and Wealth," a panel survey of households conducted every two years by the Bank of Italy. We find that, on average, the retired...
Persistent link: https://www.econbiz.de/10012198628
care responsibilities tend to arise relatively late in life, often after retirement, in the case of Japan, our results …This paper analyzes the determinants of the wealth decumulation behavior of the retired elderly in Japan using unique … expected wealth decumulation rate of the retired elderly, at least in the case of Japan, even though both precautionary saving …
Persistent link: https://www.econbiz.de/10011912032
incentives matter for the retirement behavior of the self-employed. We also provide evidence of the self-employed not wanting to … retire as early as possible, and contrast these expectation data with realized retirement transitions. The overall picture …
Persistent link: https://www.econbiz.de/10011380941
We study the labor supply implications of the Old-Age Pension Act (OPA) of 1908, which, for the first time, provided pensions to older people in the UK. Using recently released census data covering the entire population, we exploit variation at the newly created age-based eligibility threshold....
Persistent link: https://www.econbiz.de/10012550293
We study the labor supply effects and welfare implications of introducing a universal means-tested old-age assistance program in times of very limited social protection. We take advantage of a unique historical reform: The Old-Age Pension Act (OPA) of 1908, which, for the first time, provided...
Persistent link: https://www.econbiz.de/10012206620
active working life. Retirement through either of these pensions was and in 2006 still is an accessible exit route from the … labour market that provides a minimal but secure income flow. For those reaching the minimum legal retirement age, retirement … system make retirement very attractive, especially for those with bad labour market prospects. Accepting that this system was …
Persistent link: https://www.econbiz.de/10003484182
-specific deductions for early retirement on female retirement, employment and unemployment. For the empirical analysis we use high … document that the pension reform leads to a postponement of retirement, an increase in employment and a shifting in …
Persistent link: https://www.econbiz.de/10011558593