We analyze the effects of increasing the retirement age in two economies with overlapping generations and within cohort … defined benefit to a defined contribution. We find that if increase in the retirement age is phased in a way that allows …

effects of early retirement disincentives on retirement behavior, individual welfare, pensions and public budget. We employ …In aging societies, information on how to reform pension systems is essential to policy makers. This study scrutinizes … retirement model. We find that labor market participation and retirement behavior in general are strongly influenced by the level …

effects of early retirement disincentives on retirement behavior, individual welfare, pensions and public budget. We employ … retirement model. We find that retirement behavior is strongly influenced by the level of disincentives. Further, disincentives …In aging societies, information on how to reform pension systems is essential to policy makers. This study scrutinizes …

In this paper, we consider how the hours of work and retirement age ought to respond to a change in the uncertainty of … individuals' labor supply and retirement-decisions, the results show that a decrease in the standard deviation of life …-length leads to an increase in the optimal retirement age and a decrease in the hours of work per period spent working. This result …

This paper provides a two-part empirical analysis on how actuarial reduction rates for early retirement affect current … pension payments in Germany and to what extent the existence and the magnitude of these reduction rates influence people s … retirement planning. First, by evaluating a large dataset of administrative records it becomes evident that early retirement …

retirement age and benefit level. The present paper is devoted to analyzing the long-run financial implications of such a reform … retirement age is a popular option. To induce workers to retire later, it has been proposed to strengthen the link between …. We show that with actuarial adjustments the long-run contribution rate is an increasing function of the retirement age …

retirement age and benefit level. The present paper is devoted to analyzing the long-run financial implications of such a reform … retirement age is a popular option. To induce workers to retire later, it has been proposed to strengthen the link between …. We show that with actuarial adjustments the long-run contribution rate is an increasing function of the retirement age …

retirement age and benefit level. The present paper is devoted to analyzing the long-run financial implications of such a reform … retirement age is a popular option. To induce workers to retire later, it has been proposed to strengthen the link between …. We show that with actuarial adjustments the long-run contribution rate is an increasing function of the retirement age …

substantially less so when wages and pensions in partial retirement remain uncompensated. Partial retirement decreases inequality in …This paper develops a structural dynamic retirement model to investigate effects and corresponding underlying … mechanisms of a partial retirement program on labor supply, fiscal balances, and the pension income distribution. The structural …