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

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 …

scaled down equiproportionally, and retirement should be postponed. Portfolio investment restrictions are quite costly. …

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

When entering retirement most people face the decision whether they would like their defined contribution account …

lengthen retirement age and/or cut pension benefits. After controlling for individual features of the respondent, we find that …