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health and retirement estimated on the Norwegian labour market data. The paper focuses on the two main elements of the reform … total social welfare, individuals in good health who retire early experience a negative change in their discounted utility … ; structural dynamic model ; health ; retirement …
Persistent link: https://www.econbiz.de/10003751885
People who delay claiming Social Security receive higher lifelong benefits upon retirement. We survey individuals on their willingness to delay claiming later, if they could receive a lump sum in lieu of a higher annuity payment. Using a moment-matching approach, we calibrate a lifecycle model...
Persistent link: https://www.econbiz.de/10011584824
People who delay claiming Social Security receive higher lifelong benefits upon retirement. We survey individuals on their willingness to delay claiming later, if they could receive a lump sum in lieu of a higher annuity payment. Using a moment-matching approach, we calibrate a lifecycle model...
Persistent link: https://www.econbiz.de/10012062081
Many Americans claim Social Security benefits early, though this leaves them with lower benefits throughout retirement. We build a lifecycle model that closely tracks claiming patterns under current rules, and we use it to predict claiming delays if, by delaying benefits, people received a lump...
Persistent link: https://www.econbiz.de/10012113838
We construct a unified objective measure of health status: the frailty index, defined as the cumulative sum of all … adverse health indicators observed for an individual. First, we show that the frailty index has several advantages over self …-reported health status, particularly when studying health dynamics. Then we estimate a stochastic process for frailty dynamics over …
Persistent link: https://www.econbiz.de/10012020047
We exploit a comprehensive restructuring of the early retirement system in Norway in 2011 to examine labor supply responses to alternative pension reform strategies relying on improved work incentives (flexibility) or increased access ages (prescription), respectively. We find that increasing...
Persistent link: https://www.econbiz.de/10010473192
We present quasi-experimental evidence on the employment effects of an unprecedented large increase in the early … beneficiaries at the same time, if employment exits are successfully delayed. However, workers may not be able to work longer or may … choose other social support programs as exit routes from employment. We study the effects of the ERA increase on employment …
Persistent link: https://www.econbiz.de/10011630967
implications using net household income. In this respect we extend the previous literature which mainly studied employment effects … larger employment effects for women who cannot rely on other income on the household level, e.g. women with a low income …
Persistent link: https://www.econbiz.de/10011875821
implications using net household income. In this respect we extend the previous literature which mainly studied employment effects … larger employment effects for women who cannot rely on other income on the household level, e.g. women with a low income …
Persistent link: https://www.econbiz.de/10011865453
We present quasi-experimental evidence on the employment effects of an unprecedented large increase in the early … beneficiaries at the same time, if employment exits are successfully delayed. However, workers may not be able to work longer or may … choose other social support programs as exit routes from employment. We study the effects of the ERA increase on employment …
Persistent link: https://www.econbiz.de/10011641381