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Extending working lives is often proposed as one route through which the costs associated with population ageing can be managed. In that context, understanding who currently works for longer can help policymakers to design policies to facilitate longer working. In particular, it is important to...
Persistent link: https://www.econbiz.de/10011881446
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 benefits gradually increased from 60 to 65 for males over...
Persistent link: https://www.econbiz.de/10012848177
This paper studies the economic effects on re-employment and program substitution behavioramong elderly displaced workers who exogenously lose eligibility for their early retirement option. We use detailed Norwegian matched employer-employee data containing information on bankruptcy dates and...
Persistent link: https://www.econbiz.de/10013214742
Retirement Study? This article uses household wealth and labor market data from the Health and Retirement Study (HRS) to investigate how the recent "Great Recession" has affected the wealth and retirement of those approaching retirement age as the recession began, a potentially vulnerable...
Persistent link: https://www.econbiz.de/10014164011
This paper studies the economic effects on re-employment and program substitution behavior among elderly displaced workers who exogenously lose eligibility for their early retirement option. We use detailed Norwegian matched employer-employee data containing information on bankruptcy dates and...
Persistent link: https://www.econbiz.de/10013341538
In 2013, 18% of full-time workers aged 35 to 60 who were household heads expected to never retire. We found that factors related to the likelihood of expecting to never retire were more related to a failure to plan rather than a preference for working indefinitely. Most workers stating that they...
Persistent link: https://www.econbiz.de/10012935424
Facing a reduction in pension generosity, individuals can compensate the loss by working longer or saving more. This paper shows that the impact of changes in pension generosity on saving crucially depends on the possibility of prolonging future employment. Exploiting across cohort variation in...
Persistent link: https://www.econbiz.de/10012859308
We investigate the importance of alternative motives for choosing a saving and consumption trajectory after retirement. Using an online experimental survey, we elicit the impact on advised spending patterns and underlying saving motives of alternative retirement drawdown designs, comprising...
Persistent link: https://www.econbiz.de/10012918378
The Danish labor market follows the trend in other countries of increasing labor force participation in the 60+ group. In Denmark, this increase has - until now - been most pronounced among 60-64-year-olds and among women. Increasing labor force participation is related to both a decline in the...
Persistent link: https://www.econbiz.de/10010251395
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