systems on individuals incentives to invest in their human capital has not been analyzed. We integrate human capital …

. Simulation of several reform scenarios shows that a stronger emphasis on financial incentives in the pension system (the …

Many provisions of the Social Security Program distort an individual's labor supply incentives. In particular, the …

. Simulation of several reform scenarios shows that a stronger emphasis on financial incentives in the pension system (the …

In this paper, we analyze the association between financial incentives and retirement decisions using aggregate data … examine its correlation with employment rates for older workers. The results suggest that financial incentives play a role in …

strong work incentives for older men. The reason is that, for most workers, higher current earnings lead to higher future … social security benefits. These incentives have been particularly strong for workers under 65 years of age and, although they …