Recently, many papers have shown evidence of a positive association between financial market participation and wealth holdings. It is often claimed that individuals with a higher level of financial market participation exhibit a higher propensity for planning retirement. In their planning...

Using matched employer-employee data for Italy and newly available information on sick leaves certificates, we study the effect of an exogenous increase in the length of the residual work horizon – triggered by a pension reform that increased minimum retirement age - on middle-aged employees'...

Flexible retirement is made possible by an agreement between employers and their employees to allow older workers to continue working while withdrawing some of their pension benefits. This study uses data from the Singapore Life Panel to investigate the effectiveness of flexible retirement in...

Using the differentiated increase in retirement age across cohorts introduced by the 2010 French pension reform, we estimate the health-consumption effects of a 4-month increase in retirement age. We focus on individuals who were close to retirement age but not retired yet by the time the reform...

Evaluating the relationship between health at old age and income is crucial for the design of equitable public policies targeted toward the elderly. While the health economics literature studying the relationship between income and survival is abundant, the literature studying the relationship...

This study examines the employment status of older Americans in the months immediately before and after the peak COVID-19 lockdown in April 2020. The authors construct longitudinal employment data from 2019–2020 Current Population Surveys. To account for seasonal fluctuations in employment and...

This paper studies the impact on personal income resulting from the onset of disability. Using the longitudinal Survey of Health Ageing and Retirement in Europe, we compare the incomes trajectories of individuals who become disabled and of those remaining in healthy conditions during the same...

This study investigates the labor force behavior of older married couples in Germany. Monthly observations from the first eleven waves of the German Socio-Economic Panel (GSOEP) are used to describe and analyze the relationship between the labor force behavior of husbands and wives. The...

We analyse the impact of robot adoption on employment composition using novel micro data on robot use in German manufacturing plants linked with social security records and data on job tasks. Our task-based model predicts more favourable employment effects for the least routine-task intensive...

Leveraging two cohort-specific pension reforms, this paper estimates the forwardlooking effects of an exogenous increase in the working horizon on (un)employment behaviour for individuals with a long remaining statutory working life. Using differencein-differences and regression discontinuity...

This paper analyzes behavioral responses to a 2014 reform in the German public pension system that lowered the full retirement age (FRA) of individuals with a long contribution history by up to two years and framed the new FRA as reference age for retirement. Using administrative data from...

In this study, we study disability among older people (aged 60 or older) using the 2016 Viet Nam National Disability Survey. We find that 31% and 12% of older people are living with low and high disabilities, respectively. These rates are remarkably higher than the disability rate identified by...

This paper develops a general equilibrium life-cycle model with endogenous retirement and disability risk, in order to quantify the impact of recent pension reforms in Germany. At certain ages households may either apply for disability pensions (DP) or old-age pensions (OAP), de-pending on...

Does protecting employment of older workers affect the value of a firm? We answer this question by exploiting a labor-market reform in 2012 in Japan, which mandated firms to continue employment of their existing regular workers, regardless of their abilities, beyond the statutory retirement age...

Technological progress may be less beneficial for older workers than younger workers. In this paper, we empirically examine the impact of technological change on the wage share of older workers. More specifically, we look at five different types of technological advancement using data from 30...

This study investigates the relationship between alcohol drinking and wages among middle-aged and older employees in Korea using KLoSA 2006-2020 data. The individual fixed effects instrumental variable estimation technique was used to address the endogeneity between alcohol drinking and wages....

Using matched employer-employee data for Italy and newly available information on sick leaves certificates, we study the effect of an exogenous increase in the length of the residual work horizon - triggered by a pension reform that increased minimum retirement age - on middle-aged employees'...

Family and intergenerational relationships are becoming increasingly important as sources of support and care for the elderly population in the rapidly aging Asian societies. However, this has also raised concern over the reinforcement of cultural preferences for sons as a source of old-age...

In Asia, aging countries with slow population growth worry about a lack of workers in the future and see older people's labor as a potential solution. However, this leaves out the work that many older people already do-unpaid care work. Drawing on data from Bangladesh, India, Mongolia, and...

Government policies are encouraging older workers to delay retirement, which may curb younger workers' career advancement. We study a Dutch reform that raised the retirement age by 13 months and nearly tripled employment at age 66. Using monthly linked employer-employee data, we show that...

This paper analyzes behavioral responses to a 2014 reform in the German public pension system that lowered the full retirement age (FRA) of individuals with a long contribution history by up to two years and framed the new FRA as reference age for retirement. Using administrative data from...

We analyze the impact of robot adoption on employment composition using novel micro data on robot use of German manufacturing plants linked with social security records and data on job tasks. Our task-based model predicts more favorable employment effects for the least routine-task intensive...

Using the differentiated increase in retirement age across cohorts introduced by the 2010 French pension reform, we estimate the health-consumption effects of a 4-month increase in retirement age. We focus on individuals who were close to retirement age but not retired yet by the time the reform...

Most industrialized countries today are facing historical demographic changes, paring increasing retirement with a declining labor force. We study the consequences of an increasing pensioner-worker ratio in a macroeconomic framework, which suggests a negative effect on total factor productivity....