retirement. In order to introduce the existence of limited-time pension insurance, we assume that for each period of retirement … separate contracts can be purchased. Demand for the two periods can be decided either sequentially or simultaneously. We show … that different risk-groups prefer different types of contracts, and that only the sequential contracts, which are …

1. Introduction -- 2. The evil of a premature death -- 3. An insurance against a short life -- 4. Reversing retirement … insurance against the risk of an early death. In contrast to the way in which economically developed countries provide ways of … insuring citizens against other possibilities, such as unemployment and disease, no such social insurance mechanism exists for …

We study the effects of public pension systems on the retirement timing of older workers and, in turn, the health … consequences of delaying retirement by those workers. Causal inference relies on a social security reform in Israel that shifted … for employment, we find that working an additional full year at old age decreases longevity. This mortality effect occurs …