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Empirical analyses of the effects of public and private pensions on household saving impose strong assumptions in order … results indicate that private pensions in the US crowd out less than $0.15 of household saving per dollar of pension wealth … to obtain a tractable empirical model: fixed retirement and pension claiming ages, no borrowing constraint, little or no …
Persistent link: https://www.econbiz.de/10008871266
important to include a rich set of observed characteristics in an empirical model for retirement in order to measure the …
Persistent link: https://www.econbiz.de/10005762255
. It is likely that the individual level of wealth will become an increasingly important factor in the retirement decision …
Persistent link: https://www.econbiz.de/10005566566
This paper addresses the questions of what is an economically efficient pension system, what are the externalities and what are the risks of the four alternative pension systems: financial defined contribution (FDC), notional or non-financial defined contribution (NDC), financial defined benefit...
Persistent link: https://www.econbiz.de/10005703380
In this paper we document the importance of framing effects in the retirement savings decisions of college professors …. Pensions in many post-secondary institutions are funded by a combination of an employer contribution and a mandatory employee …
Persistent link: https://www.econbiz.de/10005703794
, retirement and consumption decisions of forward-looking individuals depend, inter alia, on life expectancy and the design of the … full pensionable age generates the largest responses in labor supply and retirement behavior. …
Persistent link: https://www.econbiz.de/10009216747
This paper studies empirically the consequences of retirement on health. We make use of a targeted retirement offer to … army employees 55 years of age or older. Before the offer was implemented in the Swedish defense, the normal retirement age … for a reduction in both mortality and in inpatient care as a consequence of the early retirement offer. Increasing the …
Persistent link: https://www.econbiz.de/10010884323
receive generous pensions and face mandatory retirement by age 60, and an informal system, under which rural residents and … context of work and retirement patterns in Indonesia, Korea, the United States, and the United Kingdom. As is common in many … developing countries, China can be characterized as having two retirement systems: a formal system, under which urban employees …
Persistent link: https://www.econbiz.de/10009371185
After nearly a full century of decline, the Labor Force Participation Rate (LFPR) of older men in the United States leveled off in the 1980s, and began to increase in the late 1990s. We use a time series of cross sections from 1962 to 2005 to model the LFPR of men aged 55-69, with the aim of...
Persistent link: https://www.econbiz.de/10005762086
This paper uses a telephone survey of 950 employers to examine employer-side restrictions on phased retirement. Not …’s opportunity for phased retirement. The paper uses these data to first establish that employers are selective when offering … opportunities for phased retirement. It then examines what worker and job characteristics are particularly important in the …
Persistent link: https://www.econbiz.de/10005822563