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conditions, with particular interest in saving practices and labour market activity. We make use of the Pension awareness of …
Persistent link: https://www.econbiz.de/10011913476
In a nationally-representative sample, we predict retirement savings using survey-based elicitations of exponential … present over the future, are highly significant and economically meaningful predictors of retirement savings. These … calculations suggest that eliminating EGB and PB would increase retirement savings by approximately 12 percent. …
Persistent link: https://www.econbiz.de/10011902764
Extending working lives is often proposed as one route through which the costs associated with population ageing can be managed. In that context, understanding who currently works for longer can help policymakers to design policies to facilitate longer working. In particular, it is important to...
Persistent link: https://www.econbiz.de/10011881446
Facing a reduction in pension generosity, individuals can compensate the loss by working longer or saving more. This … paper shows that the impact of changes in pension generosity on saving crucially depends on the possibility of prolonging … future employment. Exploiting across cohort variation in expected pension wealth induced by a 3-year lift in early retirement …
Persistent link: https://www.econbiz.de/10012133536
effect of wealth on the probability to retire (early). -- retirement ; life cycle models ; saving …. 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/10003355646
, the probability of working after normal retirement age is positively related to living with a spouse only, being healthy … elderly people. We also show that working beyond the normal retirement age has a much stronger negative association with … earnings in urban China than in urban Russia. This is consistent with the facts that the normal retirement age is strictly …
Persistent link: https://www.econbiz.de/10012517145
labour market career may reflect lower rates of retirement among the self-employed compared to employees, as well as …-employed people at older ages in Ireland results from lower retirement rates among the self-employed and not from transitions from … form of supplementary pension cover than the employed. These lower retirement rates and lower degrees of pension cover …
Persistent link: https://www.econbiz.de/10011881438
Recent reforms to social security in many countries have sought to delay retirement. Given the family context in which … retirement decisions are made, social security reforms have potentially important spill-over effects on the participation of … spouses. This paper analyses the impact of women's pension incentives on the retirement decision of their husband. The 1993 …
Persistent link: https://www.econbiz.de/10011496968
Low- and middle-income countries are experiencing fast population aging and reductions in extreme poverty, increasing theoretical incentives to save for old age, but empirical evidence on household wealth accumulation over the life cycle is lacking. Using age-cohort-time decompositions on 18...
Persistent link: https://www.econbiz.de/10015394212
disparate effects by age. We find that those approaching retirement age (aged 55 to 64) experienced reduced life … approaching retirement age, but not of younger working-age adults, is closely correlated with wealth indices (e.g., the Case …
Persistent link: https://www.econbiz.de/10011595922