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The dependence of benefit on the retirement age (the schedule) is an important feature in any public pension system …
Persistent link: https://www.econbiz.de/10010429132
We study the influence of family members, neighbors and coworkers on retirement behavior. To estimate causal retirement …' retirement ages, and we use administrative data on the full Dutch population. We find large spillovers in couples, primarily due … to women reacting to their husband's retirement choices. Consistent with homophily in social interactions, the influence …
Persistent link: https://www.econbiz.de/10014496463
While standard models assume households have no trouble planning for retirement, some researchers have argued that … households vary in their propensity to plan and that the degree of retirement planning is a key determinant of household saving … retirement planning. To our knowledge, this paper is the first to quantify the welfare gains associated with improved retirement …
Persistent link: https://www.econbiz.de/10013081925
mortality process. Individual agents choose their optimal retirement age, taking into account the time - and age profiles of … wages, taxes, and the public pension system. The early retirement provision in most pension systems acts as a trap, inducing … most workers to retire well before the normal retirement age. Simulations show that pension reform must be drastic for it …
Persistent link: https://www.econbiz.de/10013317087
This paper develops a general equilibrium life-cycle model with endogenous retirement and disability risk, in order to … analysis focus on the increase in the normal retirement age (NRA) from age 65 to 67 (Reform 2007) and the recent increase in … early retirement benefits in the future. …
Persistent link: https://www.econbiz.de/10013473681
İmrohoroğlu, İmrohoroğlu and Joines [1995, A life-cycle analysis of Social Security, Economic Theory, vol. 6, 83 …
Persistent link: https://www.econbiz.de/10013028781
retirement and two types of individuals, who differ in their life expectancy. In order to introduce the existence of limited …-time pension insurance, we consider a model where for each period of retirement separate contracts can be purchased. Demand for the …
Persistent link: https://www.econbiz.de/10009750235
effects of early retirement disincentives on retirement behavior, individual welfare, pensions and public budget. We employ … retirement model. We find that labor market participation and retirement behavior in general are strongly influenced by the level …
Persistent link: https://www.econbiz.de/10011440834
effects of early retirement disincentives on retirement behavior, individual welfare, pensions and public budget. We employ … retirement model. We find that retirement behavior is strongly influenced by the level of disincentives. Further, disincentives …
Persistent link: https://www.econbiz.de/10011595496
contribution scheme. In particular we examine the relationship between retirement, fertility and pensions in a three …-period overlapping generations model. We focus on both the case of mandatory retirement and the case where the retirement age is freely … chosen. In the case of mandatory retirement, increasing longevity has an unambiguously negative impact on fertility and …
Persistent link: https://www.econbiz.de/10011994093