. With an already low effective retirement age, additional early permanent exit from the labour market needs to be … step in the right direction, but the old–age retirement system should be further adjusted to lower fiscal costs, raise the … minimum retirement age and increase work incentives for older individuals. This Working Paper relates to the 2010 Economic …

work strongly in the direction of even shorter durations of retirement and longer durations of work. These new pressures … retirement years in large numbers, increasing the demand for older workers. On the supply side, there will be a large in increase … market scenarios. Delaying work-retirement transitions by even this amount would have large, positive economic and fiscal …

downturns. In particular, early retirement incentives embedded in old-age pension schemes and other social transfer programmes …

retirement and claiming decisions in terms of the employment, wage, health, and mortality uncertainty faced by individuals. Our … Early Retirement Age, while still explaining the increased claiming hazard at the Normal Retirement Age. We also discuss … remained very high in the last years even as the early retirement penalties have increased substantially compared with previous …

supply (choose earlier retirement) when life expectancy increases. This result reconciles the findings of Hazan [Hazan, M …

, retirement and consumption decisions of forward-looking individuals depend, inter alia, on life expectancy and the design of the … the full pensionable age generates the largest responses in labor supply and retirement behavior. …

, retirement and consumption decisions of forward-looking individuals depend, inter alia, on life expectancy and the design of the … full pensionable age generates the largest responses in labor supply and retirement behavior. …

Previous research has repeatedly found a puzzling one-time drop in the mean and median of consumption at retirement … distributional component to the retirement consumption puzzle. …