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In the traditional retirement scenario, individuals work full-time until a given age and then stop working abruptly. In … the alternative partial retirement scenario, individuals work part-time for several years before they stop working. For … the individual, partial retirement provides a smooth transition to full-retirement where they gradually adjust to a …
Persistent link: https://www.econbiz.de/10013072952
Persistent link: https://www.econbiz.de/10003383062
Structural models explaining retirement decisions of individuals or households in an intertemporal setting are … typically hard to estimate using data on actual retirement decisions, since choice sets are for a large part unobserved by the … researcher. This paper describes an experiment in which both perceived retirement opportunities and preferences for retirement …
Persistent link: https://www.econbiz.de/10003594438
Persistent link: https://www.econbiz.de/10011986127
Using data from a stated preferences experiment in the Netherlands, we find that replacing full-time pension schemes … with schemes that offer gradual retirement opportunities induce workers to retire one year later on average. Total life …-time labour supply, however, decreases with 3.4 months because the positive effect of delayed retirement on labour supply is …
Persistent link: https://www.econbiz.de/10013013569
We study effects of financial incentives on the retirement age using stated preference data. Dutch survey respondents … were given hypothetical retirement scenarios describing age(s) of (partial and full) retirement and replacement rate(s). A … the income and substitution effects of pensions as a function of the retirement age are substantial and larger than …
Persistent link: https://www.econbiz.de/10013155156
Persistent link: https://www.econbiz.de/10012523144
Structural models explaining retirement decisions of individuals or households in an inter-temporal setting are … typically hard to estimate using data on actual retirement decisions, because choice sets are complicated and uncertain and for … a large part unobserved by the researcher. This paper describes an experiment in which both perceived retirement …
Persistent link: https://www.econbiz.de/10012776920
Using data from a stated preferences experiment in the Netherlands, we find that replacing fulltime pension schemes … with schemes that offer gradual retirement opportunities induce workers to retire one year later on average. Total life …-time labour supply, however, decreases with 3.4 months because the positive effect of delayed retirement on labour supply is …
Persistent link: https://www.econbiz.de/10014132843
We analyze stated preference data on retirement. Survey respondents of ages 25 and older in the Netherlands were given … hypothetical retirement scenarios describing the age(s) of (partial and full) retirement and corresponding replacement rates …. Several types of retirement trajectories were considered - with retirement before, at, or after the standard retirement age …
Persistent link: https://www.econbiz.de/10013146351