In aging societies, information on how to reform pension systems is essential to policy makers. This study scrutinizes … 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 …

In aging societies, information on how to reform pension systems is essential to policy makers. This study scrutinizes … effects of early retirement disincentives on retirement behavior, individual welfare, pensions and public budget. We employ … retirement model. We find that retirement behavior is strongly influenced by the level of disincentives. Further, disincentives …

close to retirement. The age pattern is partly explained by the positive effect of pension wealth on disability pensions …

close to retirement. The age pattern is partly explained by the positive effect of pension wealth on disability pensions …

close to retirement. The age pattern is partly explained by the positive effect of pension wealth on disability pensions …

close to retirement. The age pattern is partly explained by the positive effect of pension wealth on disability pensions …

This paper provides novel evidence on the labor supply response to negative income shocks in retirement, exploiting an …

a long contribution history to retire without deductions before reaching the regular retirement age. Following the 2014 … responses to becoming eligible for the early retirement scheme. Our results indicate that the probability of retiring … retiring at the same age with deductions. Second, we employ a coarsened exact matching procedure to compare retirement entry …