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In an online experiment with more than 2,000 participants, we measure consistency of time preference and study actual and planned retirement timing decisions. Theory predicts that hyperbolic time preferences can lead to dynamically inconsistent retirement timing. We find that time inconsistent...
Persistent link: https://www.econbiz.de/10012855524
The labor market effects of pension reform stem from retirement behavior and from job search and hours worked of prime … age workers. This paper investigates the impact of four often proposed policy measures for sustainable pensions … demonstrate the economic and welfare impact of recent pension reform in Austria …
Persistent link: https://www.econbiz.de/10013316657
Overindebted private households have created economic and political concern. Using measures of relative (over-) indebtedness which relate household income and debt services to different concepts of subsistence levels, this paper investigates whether severe household indebtedness is driven by...
Persistent link: https://www.econbiz.de/10003903627
Overindebted private households have created economic and political concern. Using measures of relative (over-) indebtedness which relate household income and debt services to different concepts of subsistence levels, this paper investigates whether severe household indebtedness is driven by...
Persistent link: https://www.econbiz.de/10011636175
We investigate the unemployment pathway to retirement in Germany and study the causal effects of two early retirement … reforms. Reform 1 (NRA) increased normal retirement age stepwise from 60 to 65. Simultaneously, it became possible to use … early retirement with benefit discounts. Reform 2 (ERA) increased the age of early retirement stepwise from 60 to 63. We …
Persistent link: https://www.econbiz.de/10012745216
We investigate the unemployment pathway to retirement in Germany and study the causal effects of two early retirement … reforms. Reform 1 (NRA) increased normal retirement age stepwise from 60 to 65. Simultaneously, it became possible to use … early retirement with benefit discounts. Reform 2 (ERA) increased the age of early retirement stepwise from 60 to 63. We …
Persistent link: https://www.econbiz.de/10012697080
populations, and unsustainable pensions systems around the world. Voluntary part-time workers in Europe and the US are happier …
Persistent link: https://www.econbiz.de/10011422419
German economy since 1995: 1) Germany offshores more intensively than other advanced countries; 2) The increase in … competitiveness and in the exports/production ratio occurs before the implementation of the labour market reform, and this comes with … both higher inequality and higher unemployment; 3) The implementation of the reform reduces unemployment, but also …
Persistent link: https://www.econbiz.de/10010498540
German economy since 1995: 1) Germany offshores more intensively than other advanced countries; 2) The increase in … competitiveness and in the exports/production ratio occurs before the implementation of the labour market reform, and this comes with … both higher inequality and higher unemployment; 3) The implementation of the reform reduces unemployment, but also …
Persistent link: https://www.econbiz.de/10010502768
Persistent link: https://www.econbiz.de/10001999187