We present quasi-experimental evidence on the effects of increasing the Early Retirement Age (ERA) on older workers …' retirement decisions. The analysis is based on social security reforms in Austria in 2000 and 2004, and administrative data …

strategic survey about the lump sum. In other words, such a reform could provide an avenue for encouraging delayed retirement …Many Americans claim Social Security benefits early, though this leaves them with lower benefits throughout retirement …

investment strategy for DC pensions. Workers who follow identical investment strategies but who retire a few years apart can … receive DC pensions that are startlingly unequal. Second, it is hard for ordinary workers, as opposed to optimal planners, to …

investment strategy for DC pensions. Workers who follow identical investment strategies but who retire a few years apart can … receive DC pensions that are startlingly unequal. Second, it is hard for ordinary workers, as opposed to optimal planners, to …

This article surveys the literature on selection effects in retirement behavior. More specifically, we consider early … retirement schemes with actuarially fair adjustments based on average life expectancy. To this end, we recapitulate the … expectancy into retirement decisions. But other determinants of retirement choice turn out significant, too, e.g. health, changes …

Over the years, the Belgian social security system has undergone substantial reform with a prime focus on increasing … reforms for a fixed retirement age distribution. The behavioral effect accounts for the endogenous change caused by changes in …

retirement age (ERA). Raising the ERA has the potential to extend contribution periods and to reduce the number of pension … and potential program substitution in a regression-discontinuity framework. Germany abolished an important early … retirement program for women born after 1951, effectively raising the ERA for women by three years. We analyze the effects of …

retirement age (ERA). Raising the ERA has the potential to extend contribution periods and to reduce the number of pension … and potential program substitution in a regression-discontinuity framework. Germany abolished an important early … retirement program for women born after 1951, effectively raising the ERA for women by three years. We analyze the effects of …

This paper discusses the efficiency of a pay-as-you-go pension reform by introducing a child benefit in an endogenous … supply. The optimum share of fertility-related pensions is always below unity, but generally positive. The former is true … demonstrated that child allowances are equivalent to fertility-related pensions as instruments to achieve an efficient allocation. …