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Financial Incentives and the Timing of Retirement: Evidence from Switzerland

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Author Info
Barbara Hanel
Regina Riphahn

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Abstract

We use reforms in the Swiss public retirement system to identify the responsiveness of retirement timing to financial incentives. A permanent reduction of retirement benefits by 3.4 percent induces more than 70 percent of females to postpone their retirement. The responsiveness of male workers, who undergo a different treatment, is lower.

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File URL: http://www.bgpe.de/texte/DP/009_hanel_riphahn.pdf
File Format: application/pdf
File Function: First version, 2006
Download Restriction: no

Publisher Info
Paper provided by Bavarian Graduate Program in Economics (BGPE) in its series Working Papers with number 009.

Download reference. The following formats are available: HTML, plain text, BibTeX, RIS (EndNote), ReDIF
Length: 9 pages
Date of creation: Dec 2006
Date of revision:
Handle: RePEc:bav:wpaper:009_hanel_riphahn

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Web page: http://www.bgpe.de/
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Related research
Keywords: retirement insurance incentives social security labor force exit natural experiment Switzerland

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Find related papers by JEL classification:
J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped

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  1. Buetler, M., 2000. "The political feasibility of increasing retirement age : lessons from a ballot on female retirement age," Discussion Paper 121, Tilburg University, Center for Economic Research. [Downloadable!]
    Other versions:
  2. Monika Bütler, 2002. "The Political Feasibility of Increasing the Retirement Age: Lessons from a Ballot on the Female Retirement Age," International Tax and Public Finance, Springer, vol. 9(4), pages 349-365, August. [Downloadable!] (restricted)
  3. Krueger, Alan B & Pischke, Jorn-Steffen, 1992. "The Effect of Social Security on Labor Supply: A Cohort Analysis of the Notch Generation," Journal of Labor Economics, University of Chicago Press, vol. 10(4), pages 412-37, October. [Downloadable!] (restricted)
    Other versions:
  4. Courtney Coile & Jonathan Gruber, 2000. "Social Security and Retirement," NBER Working Papers 7830, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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This page was last updated on 2008-7-16.

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