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Title:Private wealth and planned early retirement: A panel data analysis for the Netherlands, 1994 - 2009 PDF Logo
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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