Arbeitspapier
Why forcing people to save for retirement may backfire
If individuals are unable or unwilling to borrow, a higher than desired second pillar pension capital may induce people to retire earlier than they would have in the absence of such a scheme. Individuals thus leave the workforce as soon as the retirement income is deemed sufficient and the pension plan avails withdrawal of benefits. We provide evidence using individual data from a selection of Swiss pension funds, allowing us to perfectly control for pension scheme details. Our findings suggest that affordability is a key determinant in the retirement decisions. The higher the accumulated pension capital, the earlier individuals tend to leave the workforce.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 1458
- Klassifikation
-
Wirtschaft
Fiscal Policies and Behavior of Economic Agents: Household
Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
Retirement; Retirement Policies
- Thema
-
occupational pension
retirement decision
duration models
Altersgrenze
Alterssicherung
Sparen
Pensionsfonds
Arbeitsangebot
Schätzung
Schweiz
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Buetler, Monika
Huguenin, Olivia
Teppa, Federica
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2005
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Buetler, Monika
- Huguenin, Olivia
- Teppa, Federica
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2005
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