Retirement patterns during the Swedish pension reform
AbstractThe Swedish pension reform of 1999-2003 provides an opportunity to study whether and how important economic incentives are for the timing of retirement. The new pension system provides a much closer link between contributions and benefits than the former system. I study whether the reform has led to delayed retirement by examining the retirement patterns of elderly Swedish workers that were differentially affected by the reform. I use duration analysis with annual data from the LINDA database. Discrete time proportional hazard models are estimated. The results show a remarkable decline in the retirement hazard among latter born cohorts, who were more affected by the reform. This implies that retirement is delayed. Most of the decline occurs among public sector employees.
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Bibliographic InfoPaper provided by Uppsala University, Department of Economics in its series Working Paper Series with number 2008:9.
Length: 44 pages
Date of creation: 18 Nov 2008
Date of revision:
Contact details of provider:
Postal: Department of Economics, Uppsala University, P. O. Box 513, SE-751 20 Uppsala, Sweden
Phone: + 46 18 471 25 00
Fax: + 46 18 471 14 78
Web page: http://www.nek.uu.se/
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Retirement; Labour supply; 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
This paper has been announced in the following NEP Reports:
- NEP-AGE-2008-12-01 (Economics of Ageing)
- NEP-ALL-2008-12-01 (All new papers)
- NEP-EEC-2008-12-01 (European Economics)
- NEP-LAB-2008-12-01 (Labour Economics)
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