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proposed model is that it will generate equal durations with positive probability. The motivating example is retirement … retirement time depends on the retirement time of the spouse. Moreover, the data suggest that the wife and the husband retire at … in retirement to depend on the retirement status of the spouse. The econometric model is then completed by assuming that …
Persistent link: https://www.econbiz.de/10011429485
Persistent link: https://www.econbiz.de/10014252439
This paper looks at the relationship between the institutional design of the social security system and retirement from … the labour force in three countries: Italy, Spain and the USA. Our works stresses the importance of dynamic incentives … provide enough variability in their welfare programs that can be exploited to explain differences in retirement behavior. We …
Persistent link: https://www.econbiz.de/10014088795
Health and Retirement Study, we compare respondents' observed Social Security claiming ages and benefits with subjective …
Persistent link: https://www.econbiz.de/10014247944
In recent decades, many states have reduced future retirement benefits for newly hired teachers. We estimate that in … 2020 the average initial monthly retirement benefit, for teachers retiring with 30 years of service, is 11.2 percent lower …
Persistent link: https://www.econbiz.de/10013388828
context of work and retirement patterns in Indonesia, Korea, the United States, and the United Kingdom. As is common in many … developing countries, China can be characterized as having two retirement systems: a formal system, under which urban employees … receive generous pensions and face mandatory retirement by age 60, and an informal system, under which rural residents and …
Persistent link: https://www.econbiz.de/10009517427
This paper investigates whether exchanging the Social Security delayed retirement credit, currently paid as an increase … voluntarily claim about half a year later if the lump sum were paid for claiming any time after the Early Retirement Age, and … about two-thirds of a year later if the lump sum were paid only for those claiming after their Full Retirement Age. Overall …
Persistent link: https://www.econbiz.de/10010482081
We evaluate potential determinants of enrollment in an early retirement incentive program for non … enroll in the early retirement program. To the extent that employees' compensation reflect their productivity, as it should … incentive. -- retirement incentive program ; adverse selection ; layoff threat ; university …
Persistent link: https://www.econbiz.de/10009516910
Many Americans claim Social Security benefits early, though this leaves them with lower benefits throughout retirement … strategic survey about the lump sum. In other words, such a reform could provide an avenue for encouraging delayed retirement …
Persistent link: https://www.econbiz.de/10012113838
context of work and retirement patterns in Indonesia, Korea, the United States, and the United Kingdom. As is common in many … developing countries, China can be characterized as having two retirement systems: a formal system, under which urban employees … receive generous pensions and face mandatory retirement by age 60, and an informal system, under which rural residents and …
Persistent link: https://www.econbiz.de/10010282251