implicit in contribution rates. -- pension reform ; retirement ; hours worked ; tax benefit link ; actuarial adjustment …This paper investigates how parametric reform in a pay-as-you-go pension system with a tax benefit link affects … retirement incentives and work incentives of prime-age workers. We find that postponed retirement tends to harm incentives of …

extensive and intensive labour supply responses to changes in fertility rates, and (ii) the potential of a retirement reform to … fertility decline, a retirement reform, designed to increase labour supply at the extensive margin, is found to simultaneously … reduce labour supply at the intensive margin. This backlash to retirement reform requires the statutory retirement age to …