attention to the rules of retirement in Hungary since 1990. In every pension system, there exist two rules which determine how … the lifetime contribution (which is approximately proportional to the years of contributions) and the retirement age … a mandatory life insurance and life annuity system. More generally, we speak of flexible retirement if adding a year to …

This paper investigates the consequences of pension reform for life-cycle unemployment and retirement. We find that (i … retirement and boosts efficiency; and (iv) extending the calculation period favors employment of young workers, might possibly … lead to more unemployment among older ones, encourages postponed retirement and most likely yields positive welfare gains …

extensive and intensive labour supply responses to changes in fertility rates, and (ii) the potential of a retirement reform to … fertility decline, a retirement reform, designed to increase labour supply at the extensive margin, is found to simultaneously … reduce labour supply at the intensive margin. This backlash to retirement reform requires the statutory retirement age to …

system in the Netherlands to calculate net replacement rates at each age from 60 to 70 in full and partial retirement … analyze the implications of late full retirement and partial retirement for the occupational and state pension entitlements …. We pay particular attention to the retirement scenarios that are relevant for the current policy measures, aimed at …

We provide empirical evidence that the removal of work disincentives embedded in retirement earnings tests can increase … based on a reform of the Norwegian early retirement program, which entailed that adjacent birth cohorts were exposed to … completely different work incentives from age 62. The reform removed a strict retirement earnings test such that pension wealth …

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 …

.g., consumption smoothing. Third, it argues that the extending of the retirement age may counteract the aging of the population and …

and accrual elasticities in individuals' retirement decisions. Next, we use these elasticities to estimate a dynamic … programming model of retirement decisions. Finally, we use the estimated model to examine the labor supply and welfare …

(NPA). Although the impact of the NPA on retirement behaviors is well documented, little is known about the link between … the earnings test, alter the relationship between the NPA and retirement behaviors. Using both aggregate administrative … raising the NPA on the claiming and retirement behaviors are weaker or even opposite of what is intended. The impact of …

We analyse the effects of changes in retirement incentives on retirement behaviour, and in particular whether … individuals' health status modifes the effects of retirement incentives. We study these issues in the context of the Finnish … pension reform of 2005, utilising detailed individual-level administrative data on health and retirement behaviour. Our …