We address the issue of how early retirement may interact with limited use of financial markets in producing financial hardship later in life, when some risks (such as long-term care) are not insured. We argue that the presence of financially attractive early retirement schemes in a world of imperfect financial and insurance markets can lead to an ‘early retirement trap’. Indeed, Europe witnesses many (early) retired individuals in financial distress. In our analysis we use data on 10 European countries, which differ in their pension and welfare systems, in prevailing retirement age and in households’ access to financial markets. We find evidence that an early retirement trap exists, particularly in some Southern and Central European countr...
Draft version and preliminary results. Please do not quote. Early retirement is becoming more and mo...
In this paper, we use micro data on a large number of European countries from the Survey of Health, ...
This study analyses the financial well-being of elderly people across Europe. Using the European mic...
We address the issue of how early retirement may interact with limited use of financial markets in p...
We address the issue of how early retirement may interact with limited use of financial markets in p...
In most developed countries, major demographicchanges are challenging some of the fundamen-tal pilla...
To ensure fiscal stability in the face of an ageing population, it is essential to stimulate labour ...
The contrasting trends toward earlier retirement and greater longevity have resulted in steadily inc...
Nations in Europe have been developing rapidly since the formation of the European Union (EU), not o...
We provide a long term perspective on the individual retirement be-havior, along the observed path o...
In this article we investigate whether early retirement patterns vary between countries with distinc...
After a long period of promoting early retirement, European societies have recently started to imple...
Early retirement is predominantly considered to be the result of incentives set by social security a...
While public expenditure on health care and long-term care (LTC) has been monitored for many years i...
In this article we investigate whether early retirement patterns vary between countries with distinc...
Draft version and preliminary results. Please do not quote. Early retirement is becoming more and mo...
In this paper, we use micro data on a large number of European countries from the Survey of Health, ...
This study analyses the financial well-being of elderly people across Europe. Using the European mic...
We address the issue of how early retirement may interact with limited use of financial markets in p...
We address the issue of how early retirement may interact with limited use of financial markets in p...
In most developed countries, major demographicchanges are challenging some of the fundamen-tal pilla...
To ensure fiscal stability in the face of an ageing population, it is essential to stimulate labour ...
The contrasting trends toward earlier retirement and greater longevity have resulted in steadily inc...
Nations in Europe have been developing rapidly since the formation of the European Union (EU), not o...
We provide a long term perspective on the individual retirement be-havior, along the observed path o...
In this article we investigate whether early retirement patterns vary between countries with distinc...
After a long period of promoting early retirement, European societies have recently started to imple...
Early retirement is predominantly considered to be the result of incentives set by social security a...
While public expenditure on health care and long-term care (LTC) has been monitored for many years i...
In this article we investigate whether early retirement patterns vary between countries with distinc...
Draft version and preliminary results. Please do not quote. Early retirement is becoming more and mo...
In this paper, we use micro data on a large number of European countries from the Survey of Health, ...
This study analyses the financial well-being of elderly people across Europe. Using the European mic...