longer and birth rates have declined. Postponing the full retirement age (FRA), when retirees are entitled to full pension …

reduction. The elimination of other early retirement scheme in 2012 and slowly rising real wages made the program even more … popular: the lifetime benefit was maximized at the earliest retirement. Since 2016, real wages have been growing rather fast …; making delay attractive. Without being recognized, Female40 has become a boomerang: immediate retirement from 2014 causes …

In this paper, we consider how the hours of work and retirement age ought to respond to a change in the uncertainty of … 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 a decrease in the hours of work per period spent working. This result …

retirement age. We look at a scenario where an economy has a pay-as-you-go defined benefit scheme and compare it to a scenario …

advocated policy response is to increase retirement age. Ironically, however, the political support for this policy may actually …) from pension reforms referenda, we show in fact that individuals close to retirement tend to oppose policies that postpone … retirement, whereas young and elderly individuals are more favorable. The current process of population aging, and the associated …

Increasing retirement ages in an automatic or scheduled way with increasing life expectancy at retirement is a popular … process, model, and parameter risks. The results show that: (i) retirement ages are forecasted to increase substantially in … the coming decades, particularly if a constant period in retirement is targeted; (ii) retirement age policy outcomes may …

retirement age. We look at a scenario where an economy has a pay-as-you-go defined benefit scheme and compare it to a scenario …

A problem that faces many countries including the United States is how to finance retirement consumption as the … population ages. Proposals for switching to a saving-for-retirement system that does not rely on high payroll taxes have been … transition path from the current U.S. system to a saving-for-retirement system that increases the welfare of all current and …

) With accelerating inflation, the declining real value of delayed initial benefits may incite immediate retirement. (iv …