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 …

-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 …

In this paper, we consider how the hours of work and retirement age ought to respond to a change in the uncertainty of … individuals' labor supply and retirement-decisions, the results show that a decrease in the standard deviation of life …-length leads to an increase in the optimal retirement age and a decrease in the hours of work per period spent working. This result …

This paper studies how both pension systems and well-being at work can be improved to postpone retirement in European … households. Option values for retirement are constructed from a pool of four countries: Finland, Belgium, Germany and Spain, all …

over Social Security reform and benefit levels, and how they affect claiming behavior and retirement. The purpose of this … the government reports as necessary to solve the crisis) in a dynamic life-cycle model of retirement, we are able to match … hypothesis that expectations over future benefits are affecting current behavior. We find that a mis-specified dynamic retirement …