@techreport{Buetler2005forcing,
abstract = {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.},
author = {Monika Buetler and Olivia Huguenin and Federica Teppa},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {H31; D91; J26; 330; occupational pension; retirement decision; duration models; Altersgrenze; Alterssicherung; Sparen; Pensionsfonds; Arbeitsangebot; Sch\"{a}tzung; Schweiz},
language = {eng},
number = {1458},
title = {Why forcing people to save for retirement may backfire},
type = {CESifo working papers},
url = {http://hdl.handle.net/10419/18822},
year = {2005}
}
