Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/147840
Authors: 
Manoli, Dayanand
Weber, Andrea
Year of Publication: 
2016
Series/Report no.: 
IZA Discussion Papers 10154
Abstract: 
We present quasi-experimental evidence on the effects of increasing the Early Retirement Age (ERA) on older workers' retirement decisions. The analysis is based on social security reforms in Austria in 2000 and 2004, and administrative data allows us to distinguish between pension claims and job exits. Using a Regression Kink Design, we estimate that, within a birth cohort, a 1.0 year increase in the ERA leads to a 0.4 year increase in the average job exiting age and a 0.5 year increase in the average pension claiming age. When the ERA increases, many older workers remain in their jobs longer.
Subjects: 
retirement
early retirement age
pension reform
life cycle labor supply
regression kink design
JEL: 
H55
J21
J22
J26
Document Type: 
Working Paper

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