This research analyses retirement behaviour in Austria based on a combined administrative dataset. Data from the … comprehensive microsimulation model of the Austrian pension system is developed and applied to calculate retirement benefit …. Simulation of several reform scenarios shows that a stronger emphasis on financial incentives in the pension system (the …

to compute pension benefits. This provides dynamic incentives to report higher earnings in the final years of the career …. In this paper, we document the responses of self-employed and employed workers to these incentives, using social security …-calculation window, combined with the discrete change in the probability of retirement at the minimum retirement age. We find that …

could be achieved if people retire from the work force later in life. Partial retirement, the option to work part-time while … drawing a pension before reaching the normal retirement age, could create the necessary conditions for reaching this goal. The … impact of partial retirement on employment will be simulated below. The results show that unrestricted access to partial …

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 …

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 …

the financial incentives to retire. In particular, we analyze the effects of the introduction of cohort …-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 …

A central question for pension design is how benefits should vary with the age of retirement beyond early eligibility … age. It is often argued that in order to be neutral with respect to individual retirement decisions benefits should be … actuarially fair, that is, the present value of additional contributions and benefits ("Delayed Retirement Credit" - DRC) due to …

While the effect of social security systems on retirement decisions has received much attention, the impact of these … systems on individuals incentives to invest in their human capital has not been analyzed. We integrate human capital … investment and retirement decisions in a simple analytical life-cycle model with full certainty and investigate how different …

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 …

retirement incentives and work incentives of prime-age workers. We find that postponed retirement tends to harm incentives of … implicit in contribution rates. -- pension reform ; retirement ; hours worked ; tax benefit link ; actuarial adjustment …