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Persistent link: https://www.econbiz.de/10009691044
what has been observed in most developed and Latin American countries. We analyze in this paper the incentives to retire …, providing incentives to postpone retirement. It is unclear yet what effects these changes will have on retirement. So far, only …
Persistent link: https://www.econbiz.de/10013142130
security systems on retirement behavior. In addition to measures of financial incentives induced by the social security systems … early retirement schemes. We find that financial incentives do not have a lot of explanatory power for the probability to …
Persistent link: https://www.econbiz.de/10013054782
We investigate the responsiveness of individual retirement decisions to changes in financial incentives. A reform … identify causal effects. We find strong and robust behavioral effects of changes in financial retirement incentives. A … low education respond most strongly to an increase in the price of leisure. -- retirement insurance ; incentives ; social …
Persistent link: https://www.econbiz.de/10009535096
In January 2006, the Dutch government implemented a pension reform that substantially reduced the public pension wealth of workers born in 1950 or later. At the same time, a tax-facilitated savings plan was introduced that substantially reduced the saving costs of all workers, irrespective of...
Persistent link: https://www.econbiz.de/10011876086
In January 2006, the Dutch government implemented a pension reform that substantially reduced the public pension wealth of workers born in 1950 or later. At the same time, a tax-facilitated savings plan was introduced that implied a large savings subsidy for all workers, irrespective of birth...
Persistent link: https://www.econbiz.de/10012427616
Social security programs generally seek to provide insurance and to reduce poverty and inequality. Providing insurance requires little redistribution. But reducing inequality and alleviating poverty do require redistribution. To reduce inequality, programs must redistribute income, but...
Persistent link: https://www.econbiz.de/10011433386
In his seminal model (Feldstein, 1985), the government operates a social security system to counter the representative worker's myopia. (i) For a complete myope, he determined a sizable optimal tax rate (and the corresponding benefit level). (ii) For a partially shortsighted worker, he...
Persistent link: https://www.econbiz.de/10011757069
The United States Social Security Amendments of 1983 (SSA1983) increased the full retirement age (FRA) and increased penalties for retiring before the FRA. This cut to retirement benefits caused spillover effects on Social Security Disability Insurance (SSDI) applications and receipt by making...
Persistent link: https://www.econbiz.de/10012214821
We study the effects of public pension systems on the retirement timing of older workers and, in turn, the health consequences of delaying retirement by those workers. Causal inference relies on a social security reform in Israel that shifted payments from husbands to their (non-working) wives,...
Persistent link: https://www.econbiz.de/10012222199