Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/145293 
Year of Publication: 
2016
Publisher: 
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft, Kiel und Hamburg
Abstract: 
This paper studies actuarial neutrality in the Austrian pension system. It is often argued that actuarial neutrality constitutes an incentive for people to retire. We show that there are almost no financial incentives within the Austrian pension corridor, when we use the traditional definition of actuarial neutrality. Taking taxation into account, our results suggest that financial incentives for early retirement stem mainly from the Austrian tax system and not from the pension system itself.
Subjects: 
actuarial neutrality
early retirement
pension system
retirement
JEL: 
J26
H55
Document Type: 
Preprint

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