This paper explores the effect of letting individuals choose their retirement age in a world of uncertainty where there … finds that it is preferable to let people make their retirement decision after rather than before the uncertainty is lifted …

This paper presents a simulation study of hedging long-dated futures options, in the Rabinovitch (1989) model which …

attention to the rules of retirement in Hungary since 1990. In every pension system, there exist two rules which determine how … the lifetime contribution (which is approximately proportional to the years of contributions) and the retirement age … a mandatory life insurance and life annuity system. More generally, we speak of flexible retirement if adding a year to …

could be achieved if people retire from the work force later in life. Partial retirement, the option to work part-time while … drawing a pension before reaching the normal retirement age, could create the necessary conditions for reaching this goal. The … impact of partial retirement on employment will be simulated below. The results show that unrestricted access to partial …