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human capital depreciation in late adulthood. Studying human capital depreciation over the life cycle has powerful economic … consequences for decision-making in old age. Using data from China, we examine how a new retirement program affects cognitive … that the program leads to larger negative impacts among women. We demonstrate that retirement and access to a retirement …
Persistent link: https://www.econbiz.de/10012372883
standard of living after retirement and thus to alleviate poverty in old age. In many developing and developed countries, the … minimum pension program is a key welfare program and a major influence on the retirement decisions of low-income workers and …-income workers to retire as soon as they become eligible for the program, which is often earlier than the normal retirement age. …
Persistent link: https://www.econbiz.de/10011420305
The objective of the paper is to examine the retirement behaviour of Belgian workers in one-earner households who are … study the link between retirement and financial retirement incentives created by the social security system. We find that … the household replacement rate generates slightly higher retirement incentives through an income effect and we find that …
Persistent link: https://www.econbiz.de/10012801885
We study the labor supply implications of the Old-Age Pension Act (OPA) of 1908, which, for the first time, provided pensions to older people in the UK. Using recently released census data covering the entire population, we exploit variation at the newly created age-based eligibility threshold....
Persistent link: https://www.econbiz.de/10012550293
This paper documents and analyzes an important and puzzling stylized fact about retirement behavior: the large … three statutory retirement ages, although there is often no incentive or even a disincentive to retire at these thresholds … covering the universe of German retirees, and I exploit unique variation in financial retirement incentives as well as …
Persistent link: https://www.econbiz.de/10012057310
Jahren erreichen. Dieser plötzliche Rückgang tritt erst nach Erreichen der Altersgrenze und erst nach der Umsetzung des OPA …
Persistent link: https://www.econbiz.de/10012206620
data points to a reduction in residential crowding and retirement, especially from occupations associated with high …
Persistent link: https://www.econbiz.de/10014235352
A simulation approach is used to investigate how various investment strategies affect the ability of retirees to spend at a desired level up until death. Retirees are assumed to maintain all investment and longevity risk, and also have access to a government-sponsored and means tested Age...
Persistent link: https://www.econbiz.de/10013089037
I provide evidence that defined contribution (DC) pensions make retirement more positively correlated with stock market …-DC pension respond to a one standard deviation shock to quarterly market returns by adjusting their retirement date by …
Persistent link: https://www.econbiz.de/10013008079
This paper documents and analyzes an important and puzzling stylized fact about retirement behavior: the large … three statutory retirement ages, although there is often no incentive or even a disincentive to retire at these thresholds … covering the universe of German retirees, and I exploit unique variation in financial retirement incentives as well as …
Persistent link: https://www.econbiz.de/10012861376