While the effect of social security systems on retirement decisions has received much attention, the impact of these … investment and retirement decisions in a simple analytical life-cycle model with full certainty and investigate how different … contributions and benefits increase human capital investment and postpone retirement. …

Using Italian data, we estimate an option value model to quantify the effectof financial incentives on retirement …

This paper focuses on the relation between worker's productivity and retirement decision. Assuming that productivity … worker buys an insurance, which gives a constant income and retirement benefits in exchange for the total output. The level … of income and benefits is set to maximize lifetime utility. In such framework we find the retirement threshold of …

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 …

We examine within a life-cycle set-up the simultaneous choice of health care and retirement (together with consumption …), when health care contributes to both a reduction in mortality and in morbidity. Health tends to impact on retirement via … morbidity, determining the disutility of work, and through longevity, determining the need to accumulate retirement wealth. In …

agenda. Due to endogenous human capital depreciation the effective retirement age is often below statutory retirement age … retirement. However, well designed education programs will keep more workers in highly productive activities at the end of their …

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 …

transfers can have important implications for family decisions. This paper estimates the effects of parental retirement on adult … exploit eligibility ages for early retirement for identification in a regression discontinuity design. The results show that … parent's early retirement significantly increases the probability of childbirth for adult children. However, parental …

We study the influence of family members, neighbors and coworkers on retirement behavior. To estimate causal retirement …' retirement ages, and we use administrative data on the full Dutch population. We find large spillovers in couples, primarily due … to women reacting to their husband's retirement choices. Consistent with homophily in social interactions, the influence …

We estimate a dynamic structural model of labor supply, retirement, and informal care supply, incorporating labor …