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retirement spells has been steadily increasing. We estimate the response of retirement timing to variations in unemployment rate …, inflation and housing prices. Flows into both full and partial retirement increase significantly when the unemployment rate … rises. Workers around normal retirement age are especially sensitive to variations in the unemployment rate. Workers who are …
Persistent link: https://www.econbiz.de/10010329012
We provide an explanation for the common finding that the effect of retirement on life satisfaction is negligible. For …-Economic Panel (GSOEP) and show that the effect of voluntary retirement on satisfaction with current household income is negative … voluntary and involuntary retirement. The effect of involuntary retirement is negative because the adverse effect on …
Persistent link: https://www.econbiz.de/10010278699
The paper studies the impact from variations in unemployment on retirement among older workers. We integrate … unemployment variations with early retirement programs and other pathways out of the labor force. The paper describes retirement … age of retirement. Individual panel data for the last 25 years are used in estimations of the impact from individual …
Persistent link: https://www.econbiz.de/10010282550
The magnitude of the effect that health has on the retirement decision has long been studied. We examine the reverse … relationship, whether or not retirement has a direct impact on later-life health. In order to identify the causal relationship, we … use unexpected early retirement window offers to instrument for retirement behavior. They are legally required to be …
Persistent link: https://www.econbiz.de/10010269069
We estimate the causal effect of early retirement on mortality for blue-collar workers. To overcome the problem of … find any adverse effect of early retirement on mortality for females. Death causes indicate a significantly higher … increased mortality among male early retirees. …
Persistent link: https://www.econbiz.de/10010274607
This paper analyzes the relationship between immigrants' retirement status and the prevalence of return migration from … conditions the probability of return migration is maximized at retirement. Reduced-form models of retirement status which control … countrymen, particularly amongst men. This link is strongest for those individuals who are at (or near) retirement age and among …
Persistent link: https://www.econbiz.de/10010269003
left on the labor market prior to retirement. This short horizon implies a more digressive replacement ratio. However …, there is a sufficiently short distance to retirement for which flat unemployment benefits can be the optimal contract as the … optimal contract that integrates unemployment insurance and retirement pension systems. …
Persistent link: https://www.econbiz.de/10010269168
. 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/10010271873
As a preliminary step, we first provide some new empirical evidence that labor market conditions affect retirement … propose an equilibrium unemployment approach to retirement decisions that allows us to unveil the factors which explain why …: the retirement decision of unemployed workers depends on the labor-market frictions whereas that of employed workers does …
Persistent link: https://www.econbiz.de/10010282314
This paper develops the theoretical foundations and the testable implications of the various mechanisms that have been proposed as possible triggers for the demographic transition. Moreover, it examines the empirical validity of each of the theories and their significance for the understanding...
Persistent link: https://www.econbiz.de/10010282290