spouse is not employed. Observed covariates, including wages and retirement benefits, help to explain these patterns, but …

Major events in the life of an elderly individual, such as retirement, a significant decrease in income, death of the …

The present Paper studies the retirement incentives for elderly people in Belgium. We model the incentive structure … built into the various public early retirement and retirement systems. First, we compute indicators of benefit entitlement … as of the implicit tax rates the elderly workers face in case of delayed retirement. We find strong evidence of social …

This paper studies the design of retirement and disability policies. It illustrates the often observed exit from the … social welfare. Benefits depend on retirement age and on the (reported) health status. We determine first- and second …-best optimal benefit levels and retirement ages and focus on the distortions which may be induced in the individuals’ retirement …

funding, as a large shock reduces the stock of private retirement assets by 58% of GDP. The results are robust to controlling …

pension scheme: The 20 percent reduction in the rate at which retirement capital is translated into a life-long annuity …

If a consumer wishes to protect her retirement account from the risk of price changes in order to sustain a stable …