“How Sensitive Are Individual Retirement Expectations to Raising the Retirement Age?” by Andries de Grip, Didier Fouarge, and Raymond Montizaan (Discussion Paper No. 7269, March 2013, .pdf format, 38p.). Note: Links to the abstract and full-text can be found at:
www.iza.org/en/webcontent/publications/papers/viewAbstract?dp_id=7269
A. “Public service pension age,” by Julia Lourie and Djuna Thurley (SN02209, March 2013, .pdf format, 22p.).
www.parliament.uk/briefing-papers/SN02209
B. “Public service pension age – 2010 onwards,” by Djuna Thurley (SN06581, March 2013, .pdf format, 17p.).
www.parliament.uk/briefing-papers/SN06581
C. “Social care reform: funding care for the future,” by Manjit Gheera and Robert Long (SN06391, March 2013, .pdf format, 16p.).
“Incentives, shocks or signals: labour supply effects of increasing the female state pension age in the UK,” by Jonathan Cribb, Carl Emmerson and Gemma Tetlow (W13/03, March 2013, .pdf format, 30p.). Note: Links to the abstract and full-text can be found at:
“Aging and Pension Reform: Extending the Retirement Age and Human Capital Formation,” by Edgar Vogel, Alexander Ludwig, and Axel Boersch-Supan (w18856, March 2013, .pdf format, 42p.).
Abstract:
Projected demographic changes in industrialized and developing countries vary in extent and timing but will reduce the share of the population in working age everywhere. Conventional wisdom suggests that this will increase capital intensity with falling rates of return to capital and increasing wages. This decreases welfare for middle aged agents with assets accumulated for retirement. This paper addresses three important adjustments channels to dampen these detrimental effects of ageing: investing abroad, endogenous human capital formation and increasing the retirement age. Although non of these suggestions is new in itself, we examine their effects jointly in one coherent model. Our quantitative finding is that openness has a relatively mild effect. In contrast, endogenous human capital formation in combination with an increase in the retirement age has strong effects. Under these adjustments maximum welfare losses of demographic change for households alive in 2010 are reduced by about 3 percentage points.
“Extending Working Life Sector Initiative – A Review,” by Maria Strudwick and Andrea Kirkpatrick (In-House Research No. 13, January 2013, .pdf format, 45p.).
research.dwp.gov.uk/asd/asd5/report_abstracts/ihr_abstracts/ihr_013.asp
A. “Sticky Ages: Why Is Age 65 Still a Retirement Peak?” by Norma B. Coe, Mashfiqur Khan and Matthew S. Rutledge (WP No. 2013-2, January 2013, .pdf format, 29p.). Note: Links to the abstract and full-text can be found at:
crr.bc.edu/working-papers/sticky-ages-why-is-age-65-still-a-retirement-peak/
B. “Accumulation and Decumulation Strategies in the Wake of the Financial Crisis,” by Richard W. Kopcke, Anthony Webb, and Josh Hurwitz (WP No. 2013-1, January 2013, .pdf format, 19p.). Note: Links to the abstract and full-text can be found at:
C. “Employee Mobility and Employer-Provided Retirement Plans,” by Gopi Shah Goda, Damon Jones and Colleen Flaherty Manchester (WP No. 2012-28, November 2012, .pdf format, 47p.). Note: Links to the abstract and full-text can be found at:
crr.bc.edu/working-papers/employee-mobility-and-employer-provided-retirement-plans/
“Aging and pension reform: extending the retirement age and human capital formation,” by Edgar Vogel, Alexander Ludwig, and Axel Borsch-Supan (ECB Working Paper No. 1476, September 2012, .pdf format, 56p.).
Abstract:
Projected demographic changes in industrialized countries will reduce the share of the working-age population. Analyses based on standard OLG models predict that these changes will increase the capital-labor ratio. Hence, rates of return to capital decrease and wages increase with adverse welfare consequences for current middle aged asset rich agents. This paper addresses three important adjustments channels to dampen these detrimental effects of demographic change: investing abroad, endogenous human capital formation and increasing the retirement age. Our quantitative finding is that openness has a relatively mild effect. In contrast, endogenous human capital formation in combination with an increase in the retirement age has strong effects. Under these adjustments maximum welfare losses of demographic change for households alive in 2010 are reduced by about 3 percentage points.
“Retirement Age across Countries: The Role of Occupations,” by Philip Saure and Hosny Zoabi (Working Paper No. 2012-06, April 2012, .pdf format, 47p.).
Abstract:
Cross-country variation in average retirement age is usually attributed to institutional differences that affect individuals’ incentives to retire. We suggest a different approach. Since workers in different occupations naturally retire at different ages, the composition of occupations within an economy matters for its average retirement age. Using U.S. data we infer the average retirement age by occupation, which we then use to predict the retirement age of 38 countries according to the occupational composition of these countries. Our findings suggest that the differences in occupational composition explain up to 39.2% of the observed cross-country variation in retirement age.
“Retirement Age,” by Jacky Parker (SN00961, April 2012, .pdf format, 20p.).
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