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Retirement policies are individually designed but the majority of people of retirement age live as couples. We estimate …'s unobserved heterogeneity. We conclude that the reform immediately reduced both spouses' retirement probability. The wife …'s retirement probability also drops by 1 to 4 percentage points if the husband is hit by the reform, and vice-versa. Instrumenting …
Persistent link: https://www.econbiz.de/10011580555
The financial equilibrium of pension funds relies on the appropriate computation of retirement benefits, taking account … of future payments and discount rates. Short-term errors in the commitment for retirement benefits, ill-suited investment …
Persistent link: https://www.econbiz.de/10009754692
Persistent link: https://www.econbiz.de/10010188217
Persistent link: https://www.econbiz.de/10011950900
aiming at increasing the average retirement age, through increasing the required number of contribution years or through … on average retirement ages across wage quartiles. Our simulations show that increasing the required duration criterion … — as was done by the 1993 and 2003 reforms–have redistributive impact as regards retirement age, while increasing the …
Persistent link: https://www.econbiz.de/10013078353
, Canada, France, Germany, Italy, the Netherlands, New Zealand, the UK and USA, with Japan being covered in the introduction by … macroeconomic statistics and microdata. Pension Systems and Retirement Incomes across OECD Countries is an extremely valuable and …
Persistent link: https://www.econbiz.de/10015412671
Among numerous retirement schemes in France, the Social Security general regime" covers all wage earners from the … but with a downward adjustment of benefits. Our computations show that early" retirement adjustment rules give strong … change in the retirement age induced by the 1983 reform …
Persistent link: https://www.econbiz.de/10013222061
Among numerous retirement schemes in France, the Social Security general regime" covers all wage earners from the … but with a downward adjustment of benefits. Our computations show that early" retirement adjustment rules give strong … change in the retirement age induced by the 1983 reform …
Persistent link: https://www.econbiz.de/10012472596
Persistent link: https://www.econbiz.de/10011299896
We argue that retirement from work may affect marital status according to the predictions of quite standard economic … models of marriage and divorce. Retirement may make singles less marriageable as well as impacting negatively marriage … stability for married people. We exploit retirement laws in France to instrument the effect of retirement on individual marriage …
Persistent link: https://www.econbiz.de/10012002260