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Using Italian data, we estimate an option value model to quantify the effectof financial incentives on retirement …
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This paper aims to assess the relative importance of differences in behaviouralresponses to financial incentives in …
Persistent link: https://www.econbiz.de/10011327549
It is well-known that individuals born in different periods of time (cohorts)exhibit different wealth accumulation paths. While previous studies have usedcohort dummies to proxy for this fact, research in this area suffers from aserious identification problem, i.e., how to disentangle age, time,...
Persistent link: https://www.econbiz.de/10011302136
This study exploits a new dataset in order to quantify the effect of financial incentives on retirement choices. This … Wise (2004), we find that financial incentives have an effect on retirement. The effect goes in the expected direction …; when employees become eligible for pension benefits the change in financial incentives they experience is so high that …
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