supply and endogenous retirement. When the fixed cost of work is increasing in wage, the optimal retirement wedge provides … stronger incentives for delayed retirement with age. Retirement benefits that resemble the US Social Security system can … implement the optimum. Calibrated numerical simulations suggest that a mix of retirement benefits that increase with claiming …

-calculation window, combined with the discrete change in the probability of retirement at the minimum retirement age. We find that … retirement age, reaching a 3% increase on average. This is not the case for employees of large firms, where earnings …

In this paper, we consider how the hours of work and retirement age ought to respond to a change in the uncertainty of … individuals' labor supply and retirement-decisions, the results show that a decrease in the standard deviation of life …-length leads to an increase in the optimal retirement age and a decrease in the hours of work per period spent working. This result …

-specific deductions for early retirement on female retirement, employment and unemployment. For the empirical analysis we use high … document that the pension reform leads to a postponement of retirement, an increase in employment and a shifting in …

We are interested in defining the optimal retirement age by socio-economic class, given a Defined Benefit and a …. Therefore, we provide an alternative based on two accounts. We look for the retirement age allowing the accumulated value, at … lower retirement age for lower socio-economic classes and a higher retirement age for wealthier individuals. …

In the present paper, we propose death benefits be directly embedded in retirement products to promote their … attractiveness, where annuities and tontines are used as representative retirement products. As we assume that the death benefits … policyholders' and insurers' perspective, embedding bequests directly in the retirement products can increase the attractiveness of …