We analyze the effects of increasing the retirement age in two economies with overlapping generations and within cohort … defined benefit to a defined contribution. We find that if increase in the retirement age is phased in a way that allows …

reduction. The elimination of other early retirement scheme in 2012 and slowly rising real wages made the program even more … popular: the lifetime benefit was maximized at the earliest retirement. Since 2016, real wages have been growing rather fast …; making delay attractive. Without being recognized, Female40 has become a boomerang: immediate retirement from 2014 causes …

retirement age. We look at a scenario where an economy has a pay-as-you-go defined benefit scheme and compare it to a scenario … although incentives differ between defined benefit and defined contribution systems, the welfare effects are of comparable …

advocated policy response is to increase retirement age. Ironically, however, the political support for this policy may actually …) from pension reforms referenda, we show in fact that individuals close to retirement tend to oppose policies that postpone … retirement, whereas young and elderly individuals are more favorable. The current process of population aging, and the associated …

Increasing retirement ages in an automatic or scheduled way with increasing life expectancy at retirement is a popular … process, model, and parameter risks. The results show that: (i) retirement ages are forecasted to increase substantially in … the coming decades, particularly if a constant period in retirement is targeted; (ii) retirement age policy outcomes may …

retirement age. We look at a scenario where an economy has a pay-as-you-go defined benefit scheme and compare it to a scenario … although incentives differ between defined benefit and defined contribution systems, the welfare effects are of comparable …

deductions for early retirement. This paper examines the evolution of the profitability of pension contributions against the …

deductions for early retirement. This paper examines the evolution of the profitability of pension contributions against the …

Western societies. Starting with cohort 1937, Germany introduced permanent pension deductions for early retirement. This paper …

This paper presents estimates of the impact of Social Security's Delayed Retirement Credit on the employment rates of … 65 and offers a rare and important test of whether labor supply incentives built in to the program can promote work at … older ages. The results suggest that the increased incentives raised employment among workers over age 65. In addition, the …