I study how delayed retirements reshape firms internal labor markets, leveraging a German reform that raised womens early retirement age by at least three years. The reform increased retention of older women and reduced both internal promotions and external hiring of younger coworkers, with the...

This paper examines how policy uncertainty influences retirement decisions. We develop a simple model in which individuals face a one-time choice between immediate retirement and continued employment until the statutory retirement age. In the absence of policy uncertainty, retirement decisions...

We analyze how pension wealth influences retirement timing using 25 years of Danish administrative panel data on wealth and labor market status. Exploiting early-career variation in firm-specific mandatory pension contribution rates, we study labor supply decisions from age 55 onward. Greater...

We analyze how pension wealth influences retirement timing using 25 years of Danish administrative panel data on wealth and labor market status. Exploiting early-career variation in firm-specific mandatory pension contribution rates, we study labor supply decisions from age 55 onward. Greater...

This paper examines the causal impact of retirement on social capital using nationally representative Australian panel data. Exploiting the eligibility age for the Age Pension, we find that retirement significantly enhances social capital by increasing social connectedness and community...

This paper examines the unintended consequences of policies perceived as inequitable by leveraging Italy's Quota 100 pension reform, which denied early retirement to workers with identical contribution histories who did not meet an age cutoff. Using SHARE data and a difference-in-differences...

Using a standard macro model with overlapping generations in the manner of Blanchard–Yaari, we show that by broadening the labour supply on the extensive margin through longevity adjustment of the statutory retirement age, labour supply is likely to decrease on the intensive margin. However,...

This paper studies how labor demand factors - specifically worker substitutability and job‑specific skills - shape employment responses to a rise in the early retirement age. Using a regression discontinuity design, I exploit a 1999 German reform that eliminated the option for women to retire...

This paper provides novel evidence of the impact of temperature fluctuations on retirement behavior and underlying mechanisms, combining 30 years of rich longitudinal survey data with granular daily weather information. Exposure to cold and hot temperatures accelerates transitions into...

This paper provides novel evidence of the impact of temperature fluctuations on retirement behavior and underlying mechanisms, combining 30 years of rich longitudinal survey data with granular daily weather information. Exposure to cold and hot temperatures accelerates transitions into...

Increased longevity and population aging pose growing fiscal challenges for Spain, which can be mitigated by encouraging greater labor force participation among older workers. Over the past decade, increases in both the minimum and standard pensionable age have led to longer average careers,...

This paper explores the possibility of using voluntary carbon credits to retire coal-fired power plants early. It introduces carbon emission trading using the example of the substantial European emissions trading market. It presents recommendations for phasing out coal power plants and discusses...

Raising the retirement age is a common policy response when social security schemes face fiscal pressures. We develop and estimate a dynamic life cycle model to study optimal retirement and tax policy when individuals face health shocks and income risk and make endogenous retirement decisions....

This paper examines how individuals respond financially to severe health shocks by analyzing early withdrawals from retirement savings following the initiation of cancer treatment (chemotherapy). Using comprehensive administrative data from Australia that link health, tax, and demographic...

The European Commission asked the European Social Policy Analysis Network (ESPAN) to undertake a comprehensive analysis of flexible retirement pathways and their potential impact in 28 European countries (the 27 EU Member States and Norway). This Synthesis Report maps existing flexible...

This paper investigates the retirement response to the pandemic and to the resulting acceleration in the adoption of new technologies. Using the European Union Statistics of Income and Living Conditions datasets and leveraging the natural experiment of many workers being forced to work from home...

The state pension age (SPA) for women rose from 60 to 66 between 2010 and 2020 (and for men from 65 to 66 between 2018 and 2020). Further increases to the SPA (for both men and women) are legislated starting from next year, such that it reaches 67 in early 2028. Understanding the effects of...

Why do workers delay retirement when their early retirement age (ERA) rises? Understanding this is essential for predicting the effects of ERA increases in different contexts and assessing distributional impacts of such reforms. We study ten years of reforms in the United Kingdom which increased...

Population aging in most developed countries and the associated aging of the workforce is an important and complex issue with far-reaching implications. Automatic adjustment mechanisms recently introduced in some EU Member States will raise the retirement age to 71 by 2060, meaning that work...

In Germany, as in many other countries in the western world, the baby boomers are reaching retirement age. As fewer young workers are entering the labour market than older workers are leaving due to low birth rates, the labour force workers is falling, all other things being equal. At the same...