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retirement behavior of elderly workers. Estimation results from our model suggest that house wealth variations significantly … influence the labor supply of older workers. The housing wealth effect is bigger for people nearing retirement, which influences …Using a longitudinal data set from South Korea, we estimate the impact of housing wealth on labor supply and the …
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This report is designed to provide new evidence on retirement patterns in the UK, as part of the Pensions Review, a … financial security in retirement. Understanding patterns of retirement at older ages is key to understanding the challenges … longer in paid work. This report seeks to understand how patterns of employment and retirement have changed, both before and …
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surprisingly modest when translated into the implied effect on average retirement ages: an increase in statutory pension ages by … one year is typically estimated to increase the average effective retirement age by only about two months. …
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educational attainment. About 1 percentage point is attributable to changes in statutory retirement ages, although part of the … reason these effects are not larger is that in most countries, statutory retirement ages have not kept pace with life … retirement pathways through unemployment or disability schemes has been a major factor in the turnaround in the participation …
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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