This paper examines the empirical link between retirement and the supply of volunteer labor, using panel data from the … Household, Income and Labour Dynamics in Australia (HILDA) Survey. To identify the causal impact, we exploit a major reform of … the Australian Age Pension which has significantly changed the retirement incentives of older people. We find positive and …

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 …

retirement age by 0.5 to 3 years. We conclude that if policy contains the generosity of public pensions, increasing the legal …Within a politico-economic model we first establish three hypotheses: (i) Retirees generally prefer a higher retirement … age than workers, whereby just retired individuals prefer the highest retirement age, (ii) in equilibrium the level of the …

endogenous retirement, economic growth, and social welfare by employing a two-period OLG model. We find that increasing labor …

expectancies at retirement and in the length of non-contribution periods resulting, for example, from child care or care for an ill … partner. Due to survivor pensions, married insurants benefit from higher IRR as compared to the non-married. Interestingly …

expectancies at retirement and in the length of non-contribution periods resulting, for example, from child care or care for an ill … partner. Due to survivor pensions, married insurants benefit from higher IRR as compared to the non-married. Interestingly …. -- Pay-as-you-go ; pensions ; rate of return ; redistribution ; employment biography …

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 …

white-collar and blue-collar workers and early retirement policies could be designed to provide a fair and aggregate welfare …-enhancing public pension system. Calibrating the model to Germany, we find that a pension system that equalizes relative pension … increase in replacement rates of blue-collar workers. If the statutory retirement age is sufficiently high or the life …