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The Effects of Pension Programme Incentives on Retirement Behavior in Denmark

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Author Info
Bingley, Paul (Centre for Labour Market and Social Research, Aarhus School of Business)
Gubta, Nabanita Datta () (Centre for Labour Market and Social Research, Aarhus School of Business)
Pedersen, Peder J. () (Centre for Labour Market and Social Research, Aarhus School of Business)

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Abstract

The effects of pension programme incentives on retirement in Denmark are analysed in an option value framework. Using eligibility criteria and detailed entitlement rules for the five main publicly funded retirement programmes, we calculate social security wealth, one year pension accrual and forward-looking incentive measures. Estimation results from an option value analysis are used to simulate the expected outcome from a set of strategic reforms of retirement policy.

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File URL: http://www.cls.dk/workingpapers/docfiles/93.pdf
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Publisher Info
Paper provided by University of Aarhus, Aarhus School of Business, Centre for Labour Market and Social Research in its series CLS Working Papers with number 01-8.

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Length: 36 pages
Date of creation: 01 Mar 2001
Date of revision:
Handle: RePEc:hhs:aarcls:2001_008

Contact details of provider:
Postal: The Aarhus School of Business, Prismet, Silkeborgvej 2, DK 8000 Aarhus C, Denmark
Phone: +45 89 48 66 88
Fax: + 45 86 15 01 88
Web page: http://www.cls.dk
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Related research
Keywords: Retirement; Public pension programmes; Option value analysis; Pension reform;

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

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. John Rust, 1989. "Behavior of male workers at the end of the life-cycle: an empirical analysis of states and controls," Discussion Paper / Institute for Empirical Macroeconomics 6, Federal Reserve Bank of Minneapolis. [Downloadable!]
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Westergaard-Nielsen, Niels, 2001. "Danish Labour Market Policy: Is it worth it?," CLS Working Papers 01-10, University of Aarhus, Aarhus School of Business, Centre for Labour Market and Social Research. [Downloadable!]
  2. Anne Møller Danø & Mette Ejrnæs & Leif Husted, 2004. "Do Single Women Value Early Retirement more than Single Men?," CAM Working Papers 2004-06, University of Copenhagen. Department of Economics. Centre for Applied Microeconometrics. [Downloadable!]
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