. This paper examines the impact of various reform options on the actual retirement choices of older workers. The paper …'. Our simulations show that the early-retirement pension adjustment factors introduced by the 1992 pension reform will, in …The financing problems beleaguering the public pension system have again shifted the spotlight onto the retirement age …

pensions for a longer time while there are less workers per retiree to shoulder the financial burden of the pension systems …

Media reports predicted that the stock market decline in October 2008 would cause changes in retirement intentions, due … to declines in retirement assets. We use panel data from the Health and Retirement Study to investigate the relationship … between stock market performance and retirement intentions during 1998-2008, a period that includes the recent crisis. While …

pensions, and Social Security profiles available at alternative retirement ages. Then we examine four specific changes in the … magnitudes of these responses. Using a representative sample of male workers, we investigate the pre-reform earnings, private … structure of Social Security benefits: raising the normal retirement age, delaying the cost-of-living adjustment, lowering early …

Oregon's Public Employees Retirement System (PERS) is a rich setting in which to study the effect of pension design on … employer costs and employee retirement-timing decisions. PERS pays retirees the maximum benefit calculated using three formulas … employer's perspective, we show that this "maximum benefit" calculation is costly. Average ex post retirement benefits are 54 …

, in particular of public pensions. Current costs are high, and the pressures will increase due to population aging and … negative incentive effects. This paper focuses on the pension reform process in Europe. It links the causes for current … policy prescription that can solve all problems at once. Reform elements include a freeze in the contribution and tax rates …

focuses on three large Continental European countries: France, Germany, and Italy. These countries have large pay … market reform. While there is no shortage of reform proposals to address population aging, most of those focused on pension … and labor market reform, little is known about behavioral reactions to such reforms. This paper therefore sheds light on …

The paper discusses the options for a reform of the German pension system using a model developed at CES for the German … the time path of pensions as defined in the present system …

This paper investigates whether exchanging the Social Security delayed retirement credit (currently paid as an increase … voluntarily claim about half a year later if the lump sum were paid for claiming any time after the Early Retirement Age, and … about two-thirds of a year later if the lump sum were paid only for those claiming after their Full Retirement Age. Overall …