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As evidence is accumulating that subjective expectations influence behavior and that these expectations are sometimes biased, it becomes policy-relevant to know how to influence individuals' expectations. Information in the media is likely to affect how people picture the future. This paper...
Persistent link: https://www.econbiz.de/10003824962
. Individuals who remain active until retirement age respond more to the reform than those who left labour force earlier. The …, labour market options or both. -- Retirement earnings test ; Benefit entitlement ; Labour supply behaviour ; Heterogeneity …
Persistent link: https://www.econbiz.de/10003895651
address this question in the context of a recent German pension reform which raised the statutory retirement age by two years … of work ability at retirement and fundamental opposition. Our results show that expected work ability declines … appears to strongly affect responses from East German households. -- retirement ; health ; work ability ; survey experiment …
Persistent link: https://www.econbiz.de/10003872791
We investigate the responsiveness of individual retirement decisions to changes in financial incentives. The causal … effect is identified based on the natural experiment generated by an institutional reform. The results of a binary retirement … financial retirement incentives. A permanent reduction of retirement benefits by 3.4 percent induces a decline in the age …
Persistent link: https://www.econbiz.de/10003908384
In this paper, we consider how the retirement age as well as a tax financed pension system ought to respond to a change … perfect control over the individuals' labor supply and retirement-decisions, the results show that a decrease in the standard … deviation of life-length leads to an increase in the optimal retirement age and vice versa, if the preferences for "the number …
Persistent link: https://www.econbiz.de/10008697501
In this paper, we examine whether adult education delays retirement and increases labour force participation among the … indicate no effects of adult education on the timing of retirement. -- Adult education ; retirement ; human capital ; labour …
Persistent link: https://www.econbiz.de/10003932879
We study how changes in the maximum benefit duration affect the inflow into unemployment in the Netherlands. Until August 2003, workers who became unemployed after age 57.5 were entitled to unemployment benefits until the age of 65, after which they would receive old age pensions. This...
Persistent link: https://www.econbiz.de/10003934122
women, (b) maintain the existing retirement age but require older workers to work longer per-period hours. There are reasons …-off between later retirement versus increased work intensity, produce relevant background facts, and provide estimates of the … policy trade-offs. -- Older workers ; statutory retirement age ; hours of work …
Persistent link: https://www.econbiz.de/10003937063
Dieser Beitrag analysiert die Determinanten der individuellen Ausbildungs- und Renteneintrittsentscheidung. Unter Verwendung eines OLG-Modells wird gezeigt, wie die Individuen mit ihren Investitionen in Humankapital sowie mit der Entscheidung über den Zeitpunkt des Renteneintritts reagieren,...
Persistent link: https://www.econbiz.de/10003299446
during retirement. However, there is no consensus on the answer to the underlying question about what this standard should be … Netherlands. Key findings include the following. Adequate levels of retirement spending exceed 80 percent of working life spending … ; retirement saving ; cross-country survey studies …
Persistent link: https://www.econbiz.de/10003923525