While the effect of social security systems on retirement decisions has received much attention, the impact of these … investment and retirement decisions in a simple analytical life-cycle model with full certainty and investigate how different … contributions and benefits increase human capital investment and postpone retirement. …

We analyse the effects of retirement of one partner on home production by both partners in a couple. Using longitudinal … data from Germany on couples, we control for fixed household specific effects to address the concern that retirement … own retirement significantly increases the amounts of home production. There are negative cross-effects of retirement on …

Using Italian data, we estimate an option value model to quantify the effectof financial incentives on retirement …

This paper focuses on the relation between worker's productivity and retirement decision. Assuming that productivity … worker buys an insurance, which gives a constant income and retirement benefits in exchange for the total output. The level … of income and benefits is set to maximize lifetime utility. In such framework we find the retirement threshold of …

-mandatory retirement savings. To answer this question we analyze the intra-household allocation of retirement savings between partners in … possession of retirement saving accounts among spouses is positively correlated, hinting at a “crowding-in” of saving accounts … “crowding-in” of total retirement saving amounts between spouses, probably due to some “recognition effect”. The unitary model …

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 …

choice to a work-retirement decision model and show that the optimal provision of choice is positively related to the degree …

We examine within a life-cycle set-up the simultaneous choice of health care and retirement (together with consumption …), when health care contributes to both a reduction in mortality and in morbidity. Health tends to impact on retirement via … morbidity, determining the disutility of work, and through longevity, determining the need to accumulate retirement wealth. In …

scheme. We show that when retirement decisions are endogenous, aging increases the retirement age and the steady state level … of capital. The effect on pension payouts is in general ambiguous, except for the solution of full retirement, when this …