|
EconStor >
University of Oslo >
Department of Economics, University of Oslo >
Memorandum, Department of Economics, University of Oslo >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/63103
|
| | |
| Title: | | Early retirement and economic incentives  |
| Authors: | | Hernæs, Erik Sollie, Marte Strøm, Steinar |
| Issue Date: | | 1999 |
| Series/Report no.: | | Memorandum, Department of Economics, University of Oslo 1999,17 |
| Abstract: | | In Norway early retirement programs have gradually reduced the retirement age from 67 to 62 for a majority of the labor force. Based on micro data for 1990 and 1992, we estimate a competing risk models with three states: full retirement, partial retirement/part-time work, and full-time work, and we use the estimated model in simulations to study how financial incentives can be strengthened to extend working life. Both financial incentives, educational background and industry affiliation is found to influence retirement behavior. For low and middle incomes, the tax system shifts the incentives heavily towards retirement, in particular partial retirement combined with part-time work. |
| Subjects: | | Early retirement multinomial logit model taxes |
| Document Type: | | Working Paper |
| Appears in Collections: | | Memorandum, Department of Economics, University of Oslo
|
| Files in This Item:
| |
|
| No. of Downloads:
| |
| last Month |
last 3 Month |
total |
|
|
|
|
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/63103
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|