Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/75789 
Year of Publication: 
2001
Series/Report no.: 
CESifo Working Paper No. 463
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
In 1988, an early retirement program (AFP) was introduced in Norway for the 66-years-old. Since then, AFP has gradually been extended and by now it covers workers aged 62-66. In this paper we employ a multinominal logit model to study the transition between states in the labour market. The model is estimated on a large panel data set covering the period 1988-2 to 1999-4. The estimated model tracks the development quite well, as also outside sample predictions do. The model is used to assess the future labour market impact of abolishing AFP. We find that by abolishing AFP may increase the labour force participation among older men (55-67) in 2005 from 72 percent in the baseline projection to 83 percent. For females the corresponding increase is from 62 to 67 percent.
Subjects: 
Early retirement
large panel data sets
econometric models
Document Type: 
Working Paper
Appears in Collections:

Files in This Item:
File
Size





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