examines the current provision of retirement income for members of defined contribution pension (DC) plans who are obliged to …

Within a politico-economic model we first establish three hypotheses: (i) Retirees generally prefer a higher retirement … age than workers, whereby just retired individuals prefer the highest retirement age, (ii) in equilibrium the level of the … legal retirement age is increasing in longevity and (iii) decreasing in the public pension replacement rate. We then test …

-specific deductions for early retirement on female retirement, employment and unemployment. For the empirical analysis we use high … document that the pension reform leads to a postponement of retirement, an increase in employment and a shifting in …

The financing problems beleaguering the public pension system have again shifted the spotlight onto the retirement age …. This paper examines the impact of various reform options on the actual retirement choices of older workers. The paper …'. Our simulations show that the early-retirement pension adjustment factors introduced by the 1992 pension reform will, in …