Arbeitspapier
How sensitive are retirement decisions to financial incentives: a stated preference analysis
We study effects of financial incentives on the retirement age using stated preference data. Dutch survey respondents were given hypothetical retirement scenarios describing age(s) of (partial and full) retirement and replacement rate(s). A structural model is estimated in which utility is the discounted sum of within period utilities that depend on employment status and income. Parameters of the utility function vary with observed and unobserved characteristics. Simulations show that the income and substitution effects of pensions as a function of the retirement age are substantial and larger than according to studies using data on actual retirement decisions.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 4505
- Klassifikation
-
Wirtschaft
Time Allocation and Labor Supply
Retirement; Retirement Policies
Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
- Thema
-
Pensions
flexible retirement
gradual retirement
stated choices
Flexible Altersgrenze
Gesetzliche Rentenversicherung
Ökonomischer Anreiz
Offenbarte Präferenzen
Niederlande
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Voòková, Hana
van Soest, Arthur
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute for the Study of Labor (IZA)
- (wo)
-
Bonn
- (wann)
-
2009
- Handle
- URN
-
urn:nbn:de:101:1-20091104999
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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Objekttyp
- Arbeitspapier
Beteiligte
- Voòková, Hana
- van Soest, Arthur
- Institute for the Study of Labor (IZA)
Entstanden
- 2009
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