Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/34324
Authors: 
Dorn, David
Sousa-Poza, Alfonso
Year of Publication: 
2007
Series/Report no.: 
IZA Discussion Papers 2714
Abstract: 
Recent literature makes a distinction between 'voluntary' and 'involuntary' early retirement, where 'involuntary' early retirement results from employment constraints rather than from a preference for leisure relative to work. This paper analyzes 'voluntary' and 'involuntary' early retirement based on international microdata covering 19 industrialized countries. The results show that 'involuntary' early retirement is particularly widespread in Continental Europe. Countries facing economic recessions and having strict employment protection legislation have higher shares of 'involuntary' retirements among early retirees. Generous early retirement provisions of the social security system do not only make 'voluntary' early retirement more attractive for individuals, but also induce firms to push more employees into early retirement.
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
File
Size
218.18 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.