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We document empirical life cycle profiles of wages, earnings, and hours of work for pay from the Panel Study of Income Dynamics, following the same workers for up to four decades. For six of the eight cohorts we analyze the wage profile does not decline with age (not before 65, at least), while...
Persistent link: https://www.econbiz.de/10011730125
Phased retirement has been discussed as a means for increasing labour supply for people of older active age. The idea is that instead of leaving a full-time job early for full-time retirement, an employee should reduce the working time either in the same job or by changing jobs, and stay on in...
Persistent link: https://www.econbiz.de/10003872715
structural model is estimated in which utility is the discounted sum of within period utilities that depend on employment status …
Persistent link: https://www.econbiz.de/10003904980
-national analyses of this topic using micro data are, however, widely missing. Using the SHARE (Survey of Health, Aging and Retirement … lowering the replacement rate and employment protection will most probably lead to more dismissals of older workers without … severance pay. -- Early Retirement ; Involuntary Early Retirement ; Severance Pay ; Social Security ; Pensions ; Employment …
Persistent link: https://www.econbiz.de/10003948768
We present quasi-experimental evidence on the effects of increasing the Early Retirement Age (ERA) on older workers' retirement decisions. The analysis is based on social security reforms in Austria in 2000 and 2004, and administrative data allows us to distinguish between pension claims and job...
Persistent link: https://www.econbiz.de/10011526743
-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 …
Persistent link: https://www.econbiz.de/10011558593
Phased retirement has been discussed as a means for increasing labour supply for people of older active age. The idea is that instead of leaving a full-time job early for full-time retirement, an employee should reduce the working time either in the same job or by changing jobs, and stay on in...
Persistent link: https://www.econbiz.de/10013158057
was redistributed from early to late retirees.Given the pre-existing employment and earnings patterns, this implied a …
Persistent link: https://www.econbiz.de/10012843153
We present quasi-experimental evidence on the effects of increasing the Early Retirement Age (ERA) on older workers' retirement decisions. The analysis is based on social security reforms in Austria in 2000 and 2004, and administrative data allows us to distinguish between pension claims and job...
Persistent link: https://www.econbiz.de/10012984833
This paper examines the empirical link between retirement and the supply of volunteer labor, using panel data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey. To identify the causal impact, we exploit a major reform of the Australian Age Pension which has significantly...
Persistent link: https://www.econbiz.de/10012604177