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years. Meanwhile, life expectancies are continuing to rise, which implies that pensions and retirement income need to last … longer. Retirement income programs are also facing the retirement of 8 million baby boomers leaving the labour force over the … pressures on retirement income schemes, with implications for the economic well-being of oncoming retirees. The Guaranteed …
Persistent link: https://www.econbiz.de/10011184427
maintaining their incomes after retirement. Our main conclusions are as follows. First, in the two years immediately after … retirement the after-tax income replacement ratios average about two-thirds when calculated across all ages of retirement. Second …, the ratios tend to increase with the age of retirement. Third, the ratios increase with years in retirement, at least in …
Persistent link: https://www.econbiz.de/10010289654
maintaining their incomes after retirement. Our main conclusions are as follows. First, in the two years immediately after … retirement the aftertax income replacement ratios average about two-thirds when calculated across all ages of retirement. Second …, the ratios tend to increase with the age of retirement. Third, the ratios increase with years in retirement, at least in …
Persistent link: https://www.econbiz.de/10008542636
maintaining their incomes after retirement. Our main conclusions are as follows. First, in the two years immediately after … retirement the after-tax income replacement ratios average about two-thirds when calculated across all ages of retirement. Second …, the ratios tend to increase with the age of retirement. Third, the ratios increase with years in retirement, at least in …
Persistent link: https://www.econbiz.de/10008472076
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 …
Persistent link: https://www.econbiz.de/10009144509
incentives matter for the retirement behavior of the self-employed. We also provide evidence of the self-employed not wanting to … retire as early as possible, and contrast these expectation data with realized retirement transitions. The overall picture …
Persistent link: https://www.econbiz.de/10011380941
This paper considers the work to "retirement" transitions of the rural elders in China who reside in seven regions with …
Persistent link: https://www.econbiz.de/10011336959
In general, retirement is seen as a pure labor supply phenomenon, but firms can have strong incentives to send … expensive older workers into retirement. Based on the seniority wage model developed by Lazear (1979), we discuss steep … seniority wage profiles as incentives for firms to dismiss older workers before retirement. Conditional on individual retirement …
Persistent link: https://www.econbiz.de/10011341771
evidence of the health effects of retirement. In contrast to prior research, we analyze both the impact of being retired and … the effect of spending longer time in retirement. Using spouses' characteristics as instruments, while taking precautions … to ensure validity, we find a robust, negative impact of being retired and spending longer time in retirement on …
Persistent link: https://www.econbiz.de/10009625129
retirement before the termination of the contract. When retirement is an event which occurs exogenously and information is … workers who will retire early (the "bad" workers) from applying for these jobs. Secondly, we endogenize the retirement … the "bad" workers. These asymmetries in the information lead to an excess of retirement compared to the full information …
Persistent link: https://www.econbiz.de/10010379224