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not; the existence of search externalities makes the retirement age of unemployed workers intrinsically suboptimal …As a preliminary step, we first provide some new empirical evidence that labor market conditions affect retirement … propose an equilibrium unemployment approach to retirement decisions that allows us to unveil the factors which explain why …
Persistent link: https://www.econbiz.de/10010282314
implies age-differentiated labor market flows. Whereas the search effort of unemployed workers presents an age … of the undirected search implies an intergenerational externality, which is not eliminated by the Hosios condition. We …
Persistent link: https://www.econbiz.de/10009001406
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 …
Persistent link: https://www.econbiz.de/10012222199
Precipitated by rapid globalization, rising inequality, population growth, and longevity gains, social protection programs have been on the rise in low- and middle-income countries (LMICs) in the last three decades. However, the introduction of public benefits could displace informal mechanisms...
Persistent link: https://www.econbiz.de/10012194596
Precipitated by rapid globalization, rising inequality, population growth, and longevity gains, social protection programs have been on the rise in low- and middle-income countries (LMICs) in the last three decades. However, the introduction of public benefits could displace informal mechanisms...
Persistent link: https://www.econbiz.de/10012195191
retirement for French private sector workers. Using the last French survey on households' wealth (2003-2004), we first study the …
Persistent link: https://www.econbiz.de/10009319608
We provide new evidence of forward-looking labor supply responses to changes in pension wealth. We exploit a 2014 German reform that increased pension wealth for mothers by an average of 4.4% per child born before January 1, 1992. Using administrative data on the universe of working histories,...
Persistent link: https://www.econbiz.de/10014279704
We provide new evidence of forward-looking labor supply responses to changes in pension wealth. We exploit a 2014 German reform that increased pension wealth for mothers by an average of 4.4% per child born before January 1, 1992. Using administrative data on the universe of working histories,...
Persistent link: https://www.econbiz.de/10014280148
This paper studies human-capital formation, labor-supply, and retirement decisions associated with four alternative …
Persistent link: https://www.econbiz.de/10005823445
, negative effect on the probability of post-retirement work. A 10% increase in benefit size decreases the probability of work 3 … a mean of 12.8%). For both spouses, the effect erodes in later years of retirement. …
Persistent link: https://www.econbiz.de/10010720766