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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/10005504893
increasingly important factor in the retirement decision. Therefore it is relevant to know whether workers with a different …
Persistent link: https://www.econbiz.de/10005136899
incentives to sign insurance contracts stem from a UI-embedded, government-subsidized early retirement (ER) program, giving …
Persistent link: https://www.econbiz.de/10005144470
incentives matter for the retirement behavior of the self-employed. We also provide evidence of the self-employed not wanting to … retire as early as possible, and contrast these expectation data with realized retirement transitions. The overall picture …
Persistent link: https://www.econbiz.de/10008838648
A model is presented that explains the mix between funded and unfunded pension systems. It turns out that total pension and the relative shares of the two systems may be explained and are determined by the population growth rate, technological growth, the time-preference discount rate, the...
Persistent link: https://www.econbiz.de/10005144543
retirement schemes into less generous and actuarially fair capital funded schemes. The starting dates of the transitional … the policy reform on early retirement behaviour. We use a large administrative dataset, the Dutch Income Panel 1989 …-2000, to estimate hazard rate models for early retirement. We conclude that the policy reform induced workers to postpone early …
Persistent link: https://www.econbiz.de/10005144577
This paper uses micro data from four OECD countries (the United States, Spain, Italy, and the Netherlands), to assess the determinants of household debt holding and to investigate whether or not credit constraints are important for household debt holding. We extend the existing literature in...
Persistent link: https://www.econbiz.de/10005137368
cumulation. There are also limited precautionary motives for wealth accumulation when households experience income uncertainty. …
Persistent link: https://www.econbiz.de/10009415515
We estimate the impact of health and financial incentives on the retirement transitions of older workers in Spain … derived as changes in a composite health stock measure over time. We examine labour market exits into both old age retirement … and a broader definition of retirement including inactivity, while controlling for unobserved heterogeneity. We find that …
Persistent link: https://www.econbiz.de/10005136959
This study investigates whether many people fear an unexpected shock in their financial situation around retirement and … conditional distribution of expectations and realizations, suggest that individuals around retirement are overly pes- simistic and …
Persistent link: https://www.econbiz.de/10005137265