publication . Research . Preprint . 2009

The effect of pension generosity on early retirement : a microdata analysis for Europe from 1967 to 2004

Justina A. V. Fischer; Alfonso Sousa-Poza;
Open Access English
  • Published: 01 Jun 2009
  • Publisher: Universität Hohenheim
  • Country: Germany
Abstract
Using pseudo-panel microdata we show that pension generosity affects early retirement decisions. The changes in the average replacement rate and decreases in wealth accrual between 1967 and 2004 have caused an increase in early retirement probabilities from 16% to 63%.
Subjects
Medical Subject Headings: health care economics and organizations
free text keywords: Rente, Vorzeitige Pensionierung, Early retirement, pension systems, pension neutrality, pension generosity, SHARE, Economics, Early Retirement; Pension Systems; Pension Neutrality; Pension Generosity; SHARE., Early Retirement; Pension Systems; Pension Neutrality; Pension Generosity; SHARE, ddc:330, jel:H55, jel:J21, jel:J26
Related Organizations
Funded by
NIH| Health and Retirement Study Yrs 23-28
Project
  • Funder: National Institutes of Health (NIH)
  • Project Code: 3U01AG009740-24S2
  • Funding stream: NATIONAL INSTITUTE ON AGING
,
NIH| HEALTH AND ECONOMIC STATUS IN OLDER POPULATIONS
Project
  • Funder: National Institutes of Health (NIH)
  • Project Code: 5P01AG008291-19
  • Funding stream: NATIONAL INSTITUTE ON AGING
,
NIH| FINANCIAL STATUS--RETIREMENT SAVING PROGRAMS
Project
  • Funder: National Institutes of Health (NIH)
  • Project Code: 2P01AG005842-04
  • Funding stream: NATIONAL INSTITUTE ON AGING
,
NIH| RAND CENTER FOR THE STUDY OF AGING
Project
  • Funder: National Institutes of Health (NIH)
  • Project Code: 5P30AG012815-10
  • Funding stream: NATIONAL INSTITUTE ON AGING
,
NIH| DEVELOPING AN ISRAELI VERSION OF THE HRS/SHARE PROJECT
Project
  • Funder: National Institutes of Health (NIH)
  • Project Code: 1R21AG025169-01
  • Funding stream: NATIONAL INSTITUTE ON AGING

Blöndal, S. and S. Scarpetta, 1999, The Retirement Decision in OECD Countries, OECD Economics Department Working Papers, No. 202.

Duval, R., 2003, The Retirement Effects of Old-Age Pension and Early Retirement Schemes in OECD Countries. OECD Economics Department Working Paper No. 370.

Gruber, J. and D.A. Wise, eds., 1999, Social Security and Retirement Around the World. (University of Chicago Press, Chicago).

Johnson, R., 2000, The Effect of Old-Age Insurance on Male Retirement: Evidence from Historical Cross-Country Data, Federal Reserve Bank of Kansas City, Research Working Paper No. RWP 00-09.

Justina A. V. Fischer and Alfonso Sousa-Poza, The Effect of Pension Generosity on Early Retirement: A Microdata Analysis for Europe from 1967 to 2004

Powered by OpenAIRE Research Graph
Any information missing or wrong?Report an Issue