We exploit a comprehensive restructuring of the early retirement system in Norway in 2011 to examine labor supply … responses to alternative pension reform strategies relying on improved work incentives (flexibility) or increased access ages …

We study causal effects of two early retirement reforms. Reform 1 (NRA) increased normal retirement age stepwise from … 60 to 63. 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 investigate behavioral responses to the reforms using administrative …

We provide empirical evidence that the removal of work disincentives embedded in retirement earnings tests can increase … based on a reform of the Norwegian early retirement program, which entailed that adjacent birth cohorts were exposed to … completely different work incentives from age 62. The reform removed a strict retirement earnings test such that pension wealth …

retirement behavior as low-skilled Germans. The results are consistent with low-skilled workers in Germany being frozen in a …To estimate the effects of large cuts in pensions on the age of first benefit receipt, we exploit two natural … experiments in which such cuts affect a group of repatriated ethnic German workers. The pensions were cut by about 12%, yet …

paramount relevance for scientists and policy makers. We take Germany as an example: Twenty years of pension reform have … desired response is that individuals accumulate private assets for retirement. Whether this actually takes place, is of … transition worked out? We survey the reform steps and household's reactions: How did individuals adjust their labor market …