The 2011 Norwegian pension reform decreased the pension access age for some workers. Reducing the pension access age increased the labour force participation while having a negative effect on the number of weekly working hours and labour earnings on the intensive margin. The overall effect on total labour supply is negligible, as the intensive and extensive margin of labour supply response offset each other. Given the option, many workers appear to take a “gradual” route to retirement after the reduction of access age.

The number of retired migrants has vastly increased in Western societies and is projected to grow further in the decades ahead. Many of those migrants are more likely than nonmigrants to encounter severe financial hardships during their retirement years, raising the following question: What explains this “migrant pension penalty?”

In this paper, they consider the collective investment problem for a planner who seeks to minimize the maximal certainty-equivalent regret across agents, thus bringing all agents as closely as possible to their individual optimum. The motivating application is the investment problem of a pension provider in a defined-contribution pension system who needs to account for heterogeneity among participants.

The workshop will serve as a forum for discussing the latest research and developments in pension dashboards and retirement behavior. As pension tracking systems become increasingly prevalent, the event will offer a valuable platform for collaboration and networking. In addition, the workshop will invite leading experts to share insights from their practical experience of creating, implementing, and working successfully with pension dashboards in Europe.

Retirement ages in the United States have been rising for decades but the continuation of this trend depends on employers in the future looking to fill jobs that older workers can do. This study considers whether the occupations that are projected by the Bureau of Labor Statistics to grow faster by 2030 are those that are suitable for older workers.

Working paper by Erik Hernaes, Zhiyang Jia, John Piggott and Trond Christian Vigtel
Many consider that reducing the eligibility age for pension benefits will discourage labor supply by mature workers. This paper analyzes a recent Norwegian pension reform which effectively lowered the eligibility age of retirement from 67 to 62 for a group of workers.

Objectives The demographic changes in Europe underline the need for an extension of working lives. This study investigates the importance of physical work demands and psychosocial work factors for working beyond the state pension age (65 years).

Working paper by Erik Hernaes, Zhiyang Jia, John Piggott and Trond Christian Vigtel.

Reducing the eligibility age for pension benefits is considered by many as a policy that will discourage labor supply by mature workers. This paper analyzes a recent Norwegian pension reform which effectively lowered the eligibility age of retirement from 67 to 62 for a group of workers.

Alarmed by the worsening health for middle-aged baby-boomers in the US, we conduct a cohort analysis of health deficits similar to Abeliansky and Strulik (2019) but focus on middle-aged individuals. As opposed to previous findings, we find that health among the middle-aged has stalled, and in some cases worsened, for the more recent birth cohorts.

Over the past decades, combining pension benefits with work income has been made more accessible for pensioners in many European countries. The literature on working pensioners choosing a flexible transition into retirement is to date relatively sparse. This article adds to the few cross-country studies and explicitly investigates the role of pension systems in facilitating or hampering flexible retirement.

This short publication compares income replacement rates provided by pension systems across generations for all OECD countries. While Pensions at a Glance, one of OECD's flagship pension publications, routinely computes future replacement rates based on current legislation, it the first time such an exercise is undertaken from generations who retired about 15 years ago up to generations entering the labour market now.

The impact of raising the state retirement age is felt by employers, older employees and self-employed people in the Netherlands. The first two groups are mainly concerned.