Typically economists arguing for flexible (or variable) retirement age, but they rely on steady state analysis. In this … paper we consider the replacement of a mandatory retirement system with a flexible one in real time. We show that even if … early retirement is duly punished, diminishing the effective retirement age by 1 year raises the first year's and the total …

In this study, I investigate the effect of partial retirement at the firm level on older workers' labor participation …. Thereby, I contribute to the controversial debate about the effects of partial retirement. Using detailed administrative … employer-employee data from Germany, I exploit the introduction of partial retirement options in Germany related to the law on …

potential effectiveness of policies such as gradual retirement and part-time work in increasing older workers' employment …

usefulness of policies such as gradual retirement and part-time work in increasing older workers’ employment. …

Aging populations strain pension systems, prompting policymakers to introduce partial retirement schemes to incentivize … workers to retire later. I study the impact of introducing partial retirement within collective bargaining agreements in … retirement fails to extend working lives, thus undermining its utility as a one-size-fits-all solution to the future of pension …

paid by the employer until the full retirement age. Exploiting a rich set of administrative data, we study the effect of … this reform on workers' employment and various social security benefits (i.e. unemployment, disability, early retirement …

Australia's "Transition to Retirement Income Streams" (TRIS) program aims to prolong labor force participation for … older workers (aged 55-65 years) by offering early access to a worker's compulsory retirement savings (superannuation …

. Financial incentives, either in terms of changing pension income or the price of leisure, also affect the expected retirement … age, but the impact of these financial incentives does not differ with the possibility of gradual retirement. Finally, we … with schemes that offer gradual retirement opportunities induce workers to retire one year later on average. Total life …

. Financial incentives, either in terms of changing pension income or the price of leisure, also affect the expected retirement … age, but the impact of these financial incentives does not differ with the possibility of gradual retirement. Finally, we … with schemes that offer gradual retirement opportunities induce workers to retire one year later on average. Total life …

A central question for pension design is how benefits should vary with the age of retirement beyond early eligibility … age. It is often argued that in order to be neutral with respect to individual retirement decisions benefits should be … actuarially fair, that is, the present value of additional contributions and benefits ( Delayed Retirement Credit - DRC) due to …