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retirement, with about one in seven men and one in nine women ages 60 to 64 now enrolled in the program. This study explores how … financial incentives from Social Security and DI affect retirement decisions, using an option value approach. We find that … financial incentives have a significant effect on retirement, particularly for those in poor health or with low education, who …
Persistent link: https://www.econbiz.de/10012457750
We study how economic incentives affect labor force exit through different income security programs, old-age pensions as well as income taxes in Sweden. We use the option value for staying in the labor force as a measure of economic incentives and estimate an econometric model for the choice of...
Persistent link: https://www.econbiz.de/10012458541
Many Belgian retire well before the statutory retirement age. Numerous exit routes from the labor force can be … identified: old-age pensions, conventional early retirement, disability insurance, and unemployment insurance are the most … prominent ones. We analyze the retirement decision of Belgian workers adopting an option value framework, and pay special …
Persistent link: https://www.econbiz.de/10012458629
individual's retirement behavior would have been if only one retirement route had existed and in the absence of constraints on … work capabilities. We show that average years of work between 55 and 64 are nearly 14% greater when regular retirement …We analyze the influence of health and financial incentives on the retirement behavior of older workers in France …
Persistent link: https://www.econbiz.de/10012458634
Over the last thirty years pathways to retirement have changed substantially in the UK. They have been dominated by …. At the end of the period the direct route from work to retirement was increasingly more common. General economic …
Persistent link: https://www.econbiz.de/10012461609
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
Persistent link: https://www.econbiz.de/10013469627
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/10014264162
individuals in some countries relying on disability insurance until they are able to enter into full retirement. The sixth stage …, and considers the requirements of disability insurance programs, as well as other pathways to retirement …
Persistent link: https://www.econbiz.de/10014482070
retirement, with about one in seven men and one in nine women ages 60 to 64 now enrolled in the program. This study explores how … financial incentives from Social Security and DI affect retirement decisions, using an option value approach. We find that … financial incentives have a significant effect on retirement, particularly for those in poor health or with low education, who …
Persistent link: https://www.econbiz.de/10013029020