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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 …
Persistent link: https://www.econbiz.de/10011440834
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 …
Persistent link: https://www.econbiz.de/10011595496
Persistent link: https://www.econbiz.de/10014442196
In 1995, the UK government legislated to increase the earliest age at which women could claim a state pension from 60 to 65 between April 2010 and March 2020. This paper uses data from the first two years of this change coming into effect to estimate the impact of increasing the state pension...
Persistent link: https://www.econbiz.de/10009713947
In a previous study we examined the impact on employment of increasing the state pension age for women from age 60 to 61 (Cribb, Emmerson and Tetlow, 2013). This short paper incorporates more recent data, now available up to March 2014, which allows us to study the impact on employment over the...
Persistent link: https://www.econbiz.de/10010385004
We study the effect of an increase in the UK state pension age from 65 to 66, a high level internationally, on labour market activity. Despite there being limited financial incentives to retire at the state pension age, we find large effects: the employment rate of 65-year-olds increased by 7.4...
Persistent link: https://www.econbiz.de/10012822196
It is a challenge for politics that an aging population leads to demands that the retirement age is increasing while … the labour market. However, the regulations have become more restrictive in the last decade and early retirement usually … leads to a lower pension. In this article, we map options for early retirement in other countries. We have found five main …
Persistent link: https://www.econbiz.de/10013209886
that financial incentives for early retirement stem mainly from the Austrian tax system and not from the pension system …
Persistent link: https://www.econbiz.de/10011528214
Persistent link: https://www.econbiz.de/10009551687
This study exploits a new dataset in order to quantify the effect of financial incentives on retirement choices. This … Wise (2004), we find that financial incentives have an effect on retirement. The effect goes in the expected direction … their retirement probability increases in a sizable way. We also find that the procedure to impute seniority used in …
Persistent link: https://www.econbiz.de/10011376456