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I study the impact of old-age assistance on mortality using the introduction of public pensions in the UK in 1909 as a … an event-time design, I show that elderly mortality in England and Wales declined after the pension was introduced. The … estimated mortality decline is economically relevant, more pronounced in counties with a higher share of pensioners and is …
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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 …
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Increasing retirement ages in an automatic or scheduled way with increasing life expectancy at retirement is a popular … Bayesian Model Ensemble of heterogeneous stochastic mortality models comprised of parametric models, principal component … process, model, and parameter risks. The results show that: (i) retirement ages are forecasted to increase substantially in …
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