Spousal and Survivor Benefits in Option Value Models of Retirement: An Application to Belgium
We study retirement incentives with augmented option value model à la Stock and Wise (1990). We propose methodological extensions to better reflect the respective incentives faced by singles and couples. Our results show that a more comprehensive modelling of couples' incentives leads to very different patterns of retirement incentives – particularly for women. We apply the new indicators to data from the Survey of Health, Ageing and retirement in Europe (SHARE) in Belgium and find two key results. First, contrary to several previous studies, we obtain a positive signed income effects. Second,... Mehr ...
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Dokumenttyp: | doc-type:workingPaper |
Erscheinungsdatum: | 2016 |
Verlag/Hrsg.: |
Bonn: Institute for the Study of Labor (IZA)
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Schlagwörter: | ddc:330 / H55 / J21 / J26 / retirement / social security / dependent benefits |
Sprache: | Englisch |
Permalink: | https://search.fid-benelux.de/Record/base-26606086 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | http://hdl.handle.net/10419/147932 |