In this paper, we consider how the hours of work and retirement age ought to respond to a change in the uncertainty of the length of life. In a first best framework, where a benevolent government exercises perfect control over the individuals' labor supply and retirement-decisions, the results...

In this paper we exploit a cohort-specific pension reform to estimate the causal labour market effects of changes in 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...

Retiring at age 62 allow pensions and Social Security payments earlier, with three more years of leisure time. Waiting to retire at age 65 will probably give the retiree larger pension and Social Security payments plus the earnings from three more years of work. We present a methodology for...

Facing lengthening lifespans and economic concerns, workers and governments are increasingly considering the possibility of delayed retirement ages. However, the postponement of retirement may not be universally feasible, since not all workers may be willing and able to continue working past the...

What is the optimal retirement age? This paper looks at the optimal retirement age from various perspectives. Most of the current pension laws relating to retirement age were codified decades ago, and they have become badly out of date given what we now know about longevity, about health and...

Herausgefordert ist die Wirtschaftspolitik von der hohen Arbeitslosigkeit. Es geht darum, den Trend steigender Arbeitslosigkeit, der zu zweistelligen Arbeitslosenquoten geführt hat, umzukehren. Die Nachfrage nach Arbeitskräften muss das Angebot übersteigen. Das ist gegeben, wenn die...