This study examines trends in working after retirement and its relationship to the wider policy and welfare state context in the People's Republic of China (PRC). Using a mixed methods approach, we first analyzed China Health and Retirement Longitudinal Study data for 2011-2020 to identify...

Erreichen gesetzlich Rentenversicherte 35 oder 45 Jahre an anrechenbaren Zeiten, dürfen diese Personen ab einem Alter von 63 Jahren oder maximal zwei Jahre vor ihrer individuellen Regelaltersgrenze vorzeitig, das heißt früher als zu ihrer individuellen Regelaltersgrenze, ihre Altersrente...

In many countries which undergone an economic transition from centrally planned to market economy in Europe, the state old-age pension is the main source of income in retirement. However, replacement rates from public pension schemes have been decreasing. Therefore, supplementary savings for...

We estimate the effect of additional pension income on mortality outcomes by exploring the eli- gibility criteria of a German program subsidizing the pensions of low-wage workers. Using novel administrative data, we find that eligibility leads to a 2-month delay in age at death (censored at 75)....

We document that migration flows upon retirement are predominantly from richer, more urban to poorer, more rural regions. In theory, the local economic implications of senior in-migration are ambiguous, while empirically there is little existing evidence on whether attracting mobile seniors can...

In the Netherlands, life expectancy has continued to rise over the last two decades and the distribution of the age of death has narrowed, which suggests a decrease in health inequality. For the same period, however, the income-mortality gradient has increased, which suggests that the health...

Spain, with one of the highest life expectancies globally and a rapidly ageing population, faces growing challenges in sustaining its pension, healthcare, and long-term care systems. This study examines trends in health inequalities among retired Spaniards from 2004 to 2022, using eight waves of...

Concerns about the social sustainability of pension systems are growing. The increasing privatization of pension provision in many OECD countries is expected to have harmful consequences for workers with non-standard working careers, among whom women are overrepresented. Despite much new...

Um die Finanzierung der gesetzlichen Rente im Umlageverfahren nachhaltig zu sichern, ist es erforderlich, dass möglichst viele Menschen bis zur Regelaltersgrenze arbeiten. Der Renteneintritt wird in der ökonomischen Theorie als individuelle Entscheidung eines Abwägens der Opportunitätskosten...

An old and debated line of research examines the income-mortality relationship and finds mixed evidence. In this paper, we re-evaluate previous studies using a new dataset and implementing a difference-in-difference model based on a Notch in Social Security retirement benefits to overcome...

Some US defined contribution plans offer retirees access to an annuity or lifetime income stream as payout options from their 401(k) accounts. Nevertheless, for behavioral reasons, some retirees may hesitate to elect lifetime income streams as a drawdown vehicle. To counter this, plan sponsors...

In this paper we discuss the state of the literature relating to the decumulation of retirement wealth and the management of retirement incomes. On the one hand, life-cycle models which allow for strong bequest motives and the effects of medical expense risks have been shown to be able to...

We study public vs. private provision of health care for veterans aged 65 and older who may receive care provided by the US Department of Veterans Affairs (VA) and in private hospitals financed by Medicare. Utilizing the ambulance design of Doyle et al. (2015), we find that the VA reduces 28-day...

The paper analyzes consumption decisions of retired workers, using Danish register data. A major puzzle, which motivates much of the analysis below, is that wealth actually increases for a large fraction of the people in our data. One would expect that wealth accumulated before retirement would...

Fuelled by changes to UK pensions policy over the last decade, most notably automatic enrolment into workplace pensions, an increasing number of people save for their retirement in defined contribution pension pots. Due to the end of compulsory annuitisation in 2015, known as 'Pension Freedoms',...

We propose using penalized withdrawals from retirement savings accounts, identified from U.S. tax records, as a revealed-preference tool to characterize households' valuation of liquidity. A simple dynamic model formalizes the notion that the prevalence of withdrawals can be used to characterize...

This paper examines the role of employer provided health insurance in the retirement decisions of dual working couples. The near elderly have high-expected medical expenditures; therefore, availability of health insurance is an important factor in their retirement decisions. We determine if...

We provide an overview of research that indicates that older women face unique challenges and opportunities with respect to work, retirement, Social Security, and age discrimination law. We present estimates of poverty by age and sex, showing that poverty increases with age for women due to...

We investigate the effect of universal health insurance on health outcome and the use of health services by exploiting a natural experiment that changes the insurance status of most Americans at age 65; that is, eligibility for the U.S. Medicare program. We compare inequalities in health and...

Using harmonised data from the English Longitudinal Study of Ageing (for England), the Health and Retirement Study (for the US) and the Survey of Health, Ageing and Retirement in Europe (for 11 European countries), this paper estimates the impact of retirement on the self-assessed general health...

We exploit a unique Swiss reform to identify the importance of passivity, claiming social security benefits at the Full Retirement Age (FRA). Sharp discontinuities generated by the reform reveal that raising the FRA while imposing small early claiming penalties significantly delays pension...

We investigate the relationship between financial literacy (FL), debt anxiety, risk tolerance, and subsequent resource allocation decisions for cohorts of retirees. Using a survey and the novel comparative method of Multi-Criteria Decision-Making Analysis (MCDMA) we prioritise retirement...

This article compares expected pension default losses of employees and retirees before and after pension buyouts. The comparisons are made using a stochastic model calibrated with market data. The employees remain in the defined benefit (DB) pension plan while the retirees become annuity holders...

This paper investigates how the 2009 one-time suspension of the Required Minimum Distribution (RMD) rules associated with qualified retirement plans affected plan distributions at TIAA-CREF, a large retirement services provider. Using panel data on retirement plan participants at TIAA-CREF, we...

Post retirement, annuities provide a steady stream of income for retirees. However, the annuitization rate is relatively small in the insurance market in many countries around the world. Prior studies have shown that a substandard health status in retirement reduces annuitization due to adverse...

In recent years, Ireland has experienced a notable decline in homeownership and a rise in the proportion of households in private rental accommodation. Concurrently, the cost of both rents and house prices have risen markedly and affordability challenges in terms of meeting housing costs have...