during retirement. However, there is no consensus on the answer to the underlying question about what this standard should be … Netherlands. Key findings include the following. Adequate levels of retirement spending exceed 80 percent of working life spending …

How can retirement savings be increased? We explore a unique policy change in the context of the German pension system … these letters on the behavior of individuals. We find an increase in tax-deductible private retirement savings and provide … evidence that this is not due to a crowding-out of other forms of savings. We also show that labor earnings, i.e. the most …

output gap as published by the OECD can be improved by referring to measures of physical capital capacity utilisation from …

agenda. Due to endogenous human capital depreciation the effective retirement age is often below statutory retirement age … resulting in permanent non-employability of older workers. We analyze this phenomenon in a putty-putty human capital vintage … model and focus on education and the speed of human capital depreciation. Introducing a two-stage education system with …

In this paper, we consider how the hours of work and retirement age ought to respond to a change in the uncertainty of … individuals' labor supply and retirement-decisions, the results show that a decrease in the standard deviation of life …-length leads to an increase in the optimal retirement age and a decrease in the hours of work per period spent working. This result …

In this paper, we consider how the retirement age as well as a tax financed pension system ought to respond to a change … perfect control over the individuals' labor supply and retirement-decisions, the results show that a decrease in the standard … deviation of life-length leads to an increase in the optimal retirement age and vice versa, if the preferences for “the number …

dependence of hazard rates, which determine individuals' behavioral response w.r.t. education, work and age of retirement …

We study the effects of an annuity market imperfection on individual agents' labour supply and retirement decisions and …

-capita growth. The OLG model captures direct effects, working through adjustments in the savings rate, labor supply, and capital … deepening, and indirect effects, working through changes of taxes, government spending components and the retirement age in … politico-economic equilibrium. Growth is driven by capital accumulation and productivity increases fueled by public investment …