Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/73365
Authors: 
Hanel, Barbara
Year of Publication: 
2008
Series/Report no.: 
BGPE Discussion Paper 54
Abstract: 
This paper examines the effect of the introduction of permanent benefit reductions for early retirees (i) on the duration until retirement entry and (ii) on the duration until exit from gainful employment. I estimate discrete time duration models using different error term specifications. Administrative data containing the full earnings history of the individuals are used. Since the reform implementing the benefit reductions was a natural experiment, a true causal effect can be identified. The permanent reduction of retirement benefit amounts causes a postponement of retirement entry by about fifteen months and a delay of employment exit by about nine months on average.
Subjects: 
retirement insurance
labor force participation
natural experiment
JEL: 
H55
J26
Document Type: 
Working Paper

Files in This Item:
File
Size





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