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 … relative to the percentage change in average work-incentives) is around 0.25. …

We evaluate the actual effectiveness of disincentives that have been introduced for early retirement in Germany … are able to estimate the parameters of a structural dynamic retirement model. This allows us to answers the question …, whether and to what degree disincentives are able to steer retirement behavior of German pensioners. These estimates are based …

We analyze the influence of health and financial incentives on the retirement behavior of older workers in France … work between 55 and 64 are nearly 14% greater when regular retirement incentives are applied to the whole population than …, building upon Stock and Wise (1990) option value approach. The model accounts for three main retirement routes: the normal …

In 1988, an early retirement program (AFP) was introduced in Norway for the 66-year-olds. Since then, AFP has gradually …

completely different work incentives from age 62. The reform removed a strict retirement earnings test such that pension wealth …We provide empirical evidence that the removal of work disincentives embedded in retirement earnings tests can increase … based on a reform of the Norwegian early retirement program, which entailed that adjacent birth cohorts were exposed to …

unused production capacity. Costs due to early retirement measured in terms of forgone output averaged 6.3 percent of … and how early retirement programs came about, in order to understand better the roots of the problem …

spouses. This paper analyses the impact of women's pension incentives on the retirement decision of their husband. The 1993 …Recent reforms to social security in many countries have sought to delay retirement. Given the family context in which … retirement decisions are made, social security reforms have potentially important spill-over effects on the participation of …

retirement. We develop an overlapping generation model in order to analyse the effects of ageing on the efficiency of retirement …

This paper focuses on the relation between worker's productivity and retirement decision. Assuming that productivity … worker buys an insurance, which gives a constant income and retirement benefits in exchange for the total output. The level … of income and benefits is set to maximize lifetime utility. In such framework we find the retirement threshold of …