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standard of living after retirement and thus to alleviate poverty in old age. In many developing and developed countries, the … minimum pension program is a key welfare program and a major influence on the retirement decisions of low-income workers and …-income workers to retire as soon as they become eligible for the program, which is often earlier than the normal retirement age. …
Persistent link: https://www.econbiz.de/10011420305
We study job retention rates - the shares of workers who continue to work in the same job over the next five years - in Czechia, Hungary, Poland and Slovakia. Job retention among older workers is key to prolonging careers and increasing employment of older people which in turn is a crucial...
Persistent link: https://www.econbiz.de/10012010263
their resources and their actual personal intentions towards retirement. Research objective is to analyse the relationship … among several factors that affect the behaviour towards retirement, the financial management practices and the financial … influence of financial literacy, financial retirement objectives, optimism on retirement, tolerance to financial risk, and the …
Persistent link: https://www.econbiz.de/10012506177
information on three major economic outcomes, namely, retirement planning, choices pertaining individuals' labor supply, and …
Persistent link: https://www.econbiz.de/10012296088
countries, the probability of working after normal retirement age is positively related to living with a spouse only, being … status and the age distribution among elderly people. We also demonstrate that working beyond the normal retirement age has a … that the normal retirement age is strictly enforced in urban China and seniors attempting to work face intensive …
Persistent link: https://www.econbiz.de/10012591794
-aged Canadians regarding their retirement income system. We first document important financial literacy differences across gender …, age, education, and labor market status. Using detailed questions on the four main aspects of the retirement income system …, we then show a strong correlation between financial literacy and the knowledge of the retirement system in Canada …
Persistent link: https://www.econbiz.de/10014553069
such changes. Retirement has increasingly become a decision made jointly by a couple rather than individually by one … retirement decision despite age differences between partners. This joint determination of retirement has important implications …
Persistent link: https://www.econbiz.de/10011430745
' social security contributions and measures discouraging early retirement while encouraging working time reductions at the end …
Persistent link: https://www.econbiz.de/10011416703
strong early retirement penalties imposed on "regular" retirees effectively create an alternative path to early retirement …. In this paper, we explore this alternative path quantitatively. We develop a model of job search and retirement behavior … link early retirement penalties to the age at which an individual stops paying contributions. This reform removes the …
Persistent link: https://www.econbiz.de/10011416752
Externalities in leisure are considered an important reason for partners' joint retirement. This study quantifies the … extent to which partners actually spend more leisure time "together" at retirement. Exploiting legal retirement age in France …, we identify the effect of retirement on partners' hours of leisure, distinguishing leisure hours spent together or not …
Persistent link: https://www.econbiz.de/10011522324