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 …

to the aging of the US population; however, lower productivity growth would result in higher optimal pension payments. In …

mortality process. Individual agents choose their optimal retirement age, taking into account the time - and age profiles of … wages, taxes, and the public pension system. The early retirement provision in most pension systems acts as a trap, inducing … most workers to retire well before the normal retirement age. Simulations show that pension reform must be drastic for it …

In several OECD countries age-targeted wage subsidies have been introduced to increase the employment of older workers … on the employment rate, working time and hourly wage. We estimate these effects by integrating Inverse Probability … small positive short-run impacts on working time and larger ones on the employment rate, but only for employees at high risk …

retirement, whereas young and elderly individuals are more favorable. The current process of population aging, and the associated …Aging creates financial troubles for PAYG pension systems, since the share of retirees to workers increases. An often … advocated policy response is to increase retirement age. Ironically, however, the political support for this policy may actually …

that a shock to the net flow from unemployment to employment drive the unemployment rate and the participation rate in … performance. Our analysis has two special features. First, apart from the two labour market states – employment and unemployment … opposite directions while a shock to the net flow from not in the labour force to unemployment drives the rates in the same …

employment prospects. We rely on exact matching to compare workers displaced due to firm closure with similar non …-displaced workers. We then use a difference-in-difference strategy to analyze employment and earnings of older relative to prime … lower re-employment probabilities as compared to prime-age workers but later they catch up. While among the young the …

This paper studies a program that extends the maximum duration of unemployment benefits from 30 weeks to 209 weeks … regions to identify the effect of extended benefits on unemployment duration. Results indicate that the duration of job search … is prolonged by at least .09 weeks per additional week of benefits among men, whereas unemployment duration increases by …

1992-2010 Health and Retirement Study (HRS). We estimate a discrete time hazard model to test whether diabetes affects the … hazard of leaving employment among individuals who were working for pay at the age of 55-56. Using a probit model, we also …, regardless of whether it is under control, is associated with large negative effects on the likelihood of employment two years …

relevance of the labor demand component in retirement decisions, we consider a trade liberalization between Switzerland and the … early retirement behavior in three periods (pre-liberalization, announcement, and implementation) for three groups of …, and that the employment of young (30-years old) male workers increases. The distribution of wages by age is instead …