contributions boosted in many nations. Yet our research on old-age system reforms does not require raising mandatory retirement ages … or contributions. Instead, we offer ways to enhance incentives for people to work longer and delay retirement. There are … good reasons to incentivize older people to work longer and delay retirement. These include rising longevity, the shrinking …

Social insurance for the elderly is judged responsible for the widely observed trend towards early retirement. In a … distortion on the retirement decision. The main point we make is that while there is no doubt that retirement systems induce an … excessive bias towards early retirement in many countries, a complete elimination of this bias (i.e. a switch to an actuarially …

This paper studies the impact of raising the eligibility age of early retirement on the re-integration into the labor … market of elderly unemployed workers. I exploit two Austrian pension reforms increasing the early retirement age step … with shorter unemployment duration, modest higher re-employment probability as well as labor income after unemployment …

: while it may be more efficient to have highly productive individuals work more and retire older, earlier retirement may be …, efficient retirement ages must increase in productivity. We also show that this pattern is implemented by pension benefits that … not only depend on the age of retirement, but are designed to be actuarially unfair. Second, in a version of environment …