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dc.contributor.authorHernæs, Eriken_US
dc.contributor.authorSollie, Marteen_US
dc.contributor.authorStrøm, Steinaren_US
dc.description.abstractIn 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.en_US
dc.publisherDep. of Economics, Univ. of Oslo Osloen_US
dc.relation.ispartofseriesMemorandum, Department of Economics, University of Oslo 1999,17en_US
dc.subject.keywordEarly retirementen_US
dc.subject.keywordmultinomial logit modelen_US
dc.subject.stwFlexible Altersgrenzeen_US
dc.subject.stwÖkonomischer Anreizen_US
dc.titleEarly retirement and economic incentivesen_US
dc.typeWorking Paperen_US
Appears in Collections:Memorandum, Department of Economics, University of Oslo

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