close to retirement. The age pattern is partly explained by the positive effect of pension wealth on disability pensions … reform-induced variation of pension wealth that is related to the number of children but which does not affect the implicit …

We are interested in defining the optimal retirement age by socio-economic class, given a Defined Benefit and a …. Therefore, we provide an alternative based on two accounts. We look for the retirement age allowing the accumulated value, at … the last age with survivors, of the pensions received under each system, held in one account, to be close in value to the …

PAYG system distributes the yield of raising children, i.e., of human capital investment (which is essentially the pension … occurred at all. This error can be corrected if we take the pension contribution to be the yield on an investment of human …

Using high-frequency Italian administrative data, the author studies the heterogeneous effects of a reform raising the … normal retirement age (NRA) from 60 years to 65 years for private-sector male employees. The analysis, based on a difference … health, with lower occupational grades and lower pay levels are the most constrained by the reform, experiencing the highest …

on wealth and lifetime earnings we evaluate measures of retirement preparedness. We estimate heterogeneous discount … to evaluate the adequacy of retirement savings. We find first that the specification of the model's asset structure … higher‐return tax‐advantaged private pensions and in housing. Second, we find that only the most patient households achieve …

This paper takes stock of Chile's defined contribution pension system and assesses reform options aimed at increasing … pension savings withdrawals to counter the effects from the COVID-19 pandemic. We find that a reform that raises contribution … rates and the retirement age would significantly improve replacement rates and lower fiscal costs associated with the system …

exploits quasiexperimental evidence of spousal retirement spillovers from a pension reform in Norway. We show that the … gaps, non-separable leisure preferences, and endogenous retirement. To inform key preference parameters, our calibration …, comparing to a model with leisure separability reveals that one-third of the long-run labor supply impact of the pension reform …

25 years ago there was still forced early retirement. Today, working life is drawn out for as long as possible: this …Innerhalb von 20 Jahren wurde auf dem Arbeitsmarkt in Deutschland ein Paradigmenwechsel zur Alterserwerbstätigkeit …