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The effects of the increase in the retirement age in the Netherlands

Author

Listed:
  • Egbert Jongen
  • Simon Rabaté

    (CPB Netherlands Bureau for Economic Policy Analysis)

  • Tilbe Atav

Abstract

The increase in the statutory retirement age reduced the number of pensioners. About one third of this drop results in additional employment. Net savings for the government are about 80% of direct savings on retirement (AOW) benefits. These are the main findings of the discussion paper ‘The effects of the increase in the retirement age in the Netherlands’. In this paper CPB studies the effects of the recent increases in the statutory retirement age. In the empirical analysis we use differences-in-differences, looking at the labour market outcomes of different birth cohorts that face different statutory retirement ages, and administrative data. The findings of this research have been used in the background document (in Dutch) `Arbeidsparticipatie en gewerkte uren tot en met 2060’.

Suggested Citation

  • Egbert Jongen & Simon Rabaté & Tilbe Atav, 2019. "The effects of the increase in the retirement age in the Netherlands," CPB Discussion Paper 408, CPB Netherlands Bureau for Economic Policy Analysis.
    • Handle: RePEc:cpb:discus:408
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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