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Pathways to Early Retirement in Denmark, 1984-2000

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Author Info

  • Larsen, Mona

    ()
    (SFI - Danish National Centre for Social Research)

  • Pedersen, Peder J.

    ()
    (Aarhus University)

Abstract

This paper describes and analyses the pathways to early retirement in Denmark. The analyses are based on a 10 per cent panel sample of the population 45-66 years old followed from 1984 onwards. We use a multinomial logit approach to analyse the characteristics of individuals that retire through each pathway compared to those remaining in the labour force. The transition from work to retirement is complex and far from the conventional idea of exit typically occurring from a job at the official pension age. Eight pathways from work to an early retirement program are identified. One group of pathways is transitions directly from employment corresponding to 75 per cent of all transitions in the sample period. The great majority of these transitions occur to an early retirement program. A second group consists of pathways dominated by unemployment insurance benefits (UIB) covering 20 per cent. The remaining 5 per cent of the transitions occur through pathways dominated by benefit programs reflecting a low attachment to the labour force in the period prior to retirement. Overall, availability and/or generosity of retirement programs are important for early retirement through the employment and UIB dominated pathways. For early retirement through other pathways, however, personal characteristics seem to be at least as important as retirement programs.

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Bibliographic Info

Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 1575.

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Length: 35 pages
Date of creation: Apr 2005
Date of revision:
Publication status: published in: International Journal of Manpower, 2008, 29(5), 384-409
Handle: RePEc:iza:izadps:dp1575

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Keywords: retirement; pathways; panel data;

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References

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  1. Dahl, Svenn-Åge & Nilsen, Øivind Anti & Vaage, Kjell, 1999. "Work or Retirement? Exit Routes for Norwegian Elderly," IZA Discussion Papers 32, Institute for the Study of Labor (IZA).
  2. Dahl, Svenn-Åge & Nilsen, Øivind Anti & Vaage, Kjell, 2002. "Gender Differences in Early Retirement Behaviour," IZA Discussion Papers 522, Institute for the Study of Labor (IZA).
  3. Regina Riphahn, 1997. "Disability retirement and unemployment - substitute pathways for labour force exit? An empirical test for the case of Germany," Applied Economics, Taylor & Francis Journals, vol. 29(5), pages 551-561.
  4. Palme, Mårten & Svensson, Ingemar, 2001. "Income Security Programs and Retirement in Sweden," Working Paper Series in Economics and Finance 422, Stockholm School of Economics.
  5. Hernaes, Erik & Sollie, Marte & Strom, Steinar, 2000. " Early Retirement and Economic Incentives," Scandinavian Journal of Economics, Wiley Blackwell, vol. 102(3), pages 481-502, June.
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Cited by:
  1. Euwals, Rob & van Vuren, Annemiek & van Vuuren, Daniel, 2011. "The Decline of Early Retirement Pathways in the Netherlands: An Empirical Analysis for the Health Care Sector," IZA Discussion Papers 5810, Institute for the Study of Labor (IZA).

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