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This chapter reviews the theoretical and empirical issues dealing with Social Security pensions. The first part of the chapter discusses pure pay-as-you-go plans. It considers the effects of introducing such a plan on the present value of consumption, the optimal level of benefits in such plans,...
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We estimate the returns to more targeted disability insurance (DI) programs in terms of labor force participation, program spillovers, and worker health. To do so, we analyze workers after an acute workplace injury that experience differential levels of application screening. We find that when...
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data points to a reduction in residential crowding and retirement, especially from occupations associated with high …
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retirement across Canadian provinces. Using linked employer- employee tax data, we show that the bans cause large and similar … reductions in job separation rates and retirement hazards at age 65, with further reductions at higher ages. The effects vary … on savings behavior, workplace injuries, and spousal retirement timing. …
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We shed light on an understudied group: retirees in unions. Using representative individual-level data of 19 European countries, we find that the share of retirees in unions and the union density of retirees increased between 2008 and 2020. Econometric analyses indicate that on average retired...
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