Konferenzbeitrag

Benefit Generosity and the Income Effect on Labor Supply: Quasi-Experimental Evidence

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This paper uses an unanticipated, exogenous doubling of the legal minimum pension in Ukraine as a unique quasi-experiment to evaluate the income effect on various aspects of labor supply among the elderly. In contrast to previous studies, the unusually simple pension eligibility rule allows estimating a pure causal income effect. Applying difference-indifferences and regression discontinuity methods on two nationally representative data sets yields a retirement elasticity of 0.3. Men and women respond at different margins of labor supply but with similar overall effect. Despite retirement incentives being disproportionally large for low income earners old-age poverty declined significantly.

Sprache
Englisch

Erschienen in
Series: Proceedings of the German Development Economics Conference, Berlin 2011 ; No. 23

Klassifikation
Wirtschaft
Thema
pure income effect
benefit generosity
labor supply
retirement
poverty
wage effect

Ereignis
Geistige Schöpfung
(wer)
Danzer, Alexander M.
Ereignis
Veröffentlichung
(wer)
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
(wo)
Kiel und Hamburg
(wann)
2011

Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

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Objekttyp

  • Konferenzbeitrag

Beteiligte

  • Danzer, Alexander M.
  • ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft

Entstanden

  • 2011

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