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http://hdl.handle.net/10419/51985
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| Title: | | Private wealth and planned early retirement: A panel data analysis for the Netherlands, 1994 - 2009  |
| Authors: | | van Ooijen, Raun Mastrogiacomo, Mauro Euwals, Rob |
| Issue Date: | | 2010 |
| Series/Report no.: | | Discussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5339 |
| Abstract: | | We study the causal relation between private wealth and retirement age. We propose two estimation strategies based on expected retirement age. The outcome variable is observed repeatedly over time. We correct first for the unobserved heterogeneity in the disutility of work by using panel data techniques. Next, we exploit information on expected wealth accumulation in order to identify the unexpected component in wealth accumulation. In line with the literature we find a small but significant effect of private wealth on planned early retirement. |
| Subjects: | | early retirement private wealth subjective retirement expectations |
| JEL: | | C23 J26 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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