This paper examines the empirical link between retirement and the supply of volunteer labor, using panel data from the … the Australian Age Pension which has significantly changed the retirement incentives of older people. We find positive and … significant effects of retirement status on the voluntary work provision of older men and women. Longer time spent in retirement …

This article analyses recent developments in the average effective retirement age in light of the 2011 reform and the … different forms of retirement. The analysis shows, first, that the effective retirement age has tended to increase in recent … years as a result of the net increase in the retirement age within all forms of retirement, which has more than offset the …

aiming at increasing the average retirement age, through increasing the required number of contribution years or through … on average retirement ages across wage quartiles. Our simulations show that increasing the required duration criterion … — as was done by the 1993 and 2003 reforms–have redistributive impact as regards retirement age, while increasing the …

retirement spells has been steadily increasing. We estimate the response of retirement timing to variations in unemployment rate …, inflation and housing prices. Flows into both full and partial retirement increase significantly when the unemployment rate … rises. Workers around normal retirement age are especially sensitive to variations in the unemployment rate. Workers who are …

We provide a long-term perspective on the individual retirement behaviour and on the future of retirement. In a … equilibrium with positive social security contribution rates and early retirement. Aging has two opposite effects: it leads to … the existence of crucial income effects: a decrease of the income of young people will induce them to postpone retirement …

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 …

observed trend towards early retirement. In a world of laissez-faire or of first-best efficiency, there would be no such … variables are not observable, the optimal policy does imply a distortion of the retirement decision. Consequently, the … inducement of early retirement may be part of the optimal tax-transfer policy. We consider a model in which individuals differ in …

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

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 …

This paper examines the impact of old-age pension systems and other social transfer programmes on the retirement … countries over 1969-1999 or shorter periods in some cases) of retirement incentives embedded in those schemes is constructed for … dimensions of retirement incentives such as the pension accrual rate but also, to a lesser extent, the availability and …