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retirement age aiming at offsetting the effects on the supply of labor following fertility changes. The authors find that the … retirement age should increase more than proportionally to the direct fall in labor supply caused by a fall in fertility. The … supply to changes in the statutory retirement age. The model has subsequently been calibrated for Brazil by Jorgensen (2010 …
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known that defined benefit pension schemes, which are not actuarially fair, can create incentives for early retirement and … bridge the gap between economic theory and the practices of pension policy personnel under conditions of deep uncertainty … predict the age-specific retirement probabilities induced by a particular pension system, given heterogeneous individual …
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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 …
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This paper investigates the relation between human capital andretirement when the age of retirement is endogenous. This … relation isexamined in a life-cycle earnings model. An employee works full timeuntil retirement. The worker accumulates human … human capital results in a lower life-timeincome, but also in a lower price of an earlier retirement. …
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