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• Raffaele Miniaci
• Elena G F Stancanelli

The purpose of this paper is to investigate the retirement decision in the United Kingdom. We distinguish four retirement routes: retirement, unemployment, long-term sickness and other states. The focus of the paper is the impact of pension benefits on retirement transitions. We estimate multinomial logits and Cox proportional hazard rate models, separately for men and women. We conclude that participation in an occupational pension scheme increases the retirement hazard rate for men. The results for women are less clear-cut given the relatively small number of women entitled to an occupational pension scheme ...

Cet article a pour objectif l'analyse de la décision de partir à la retraite au Royaume-Uni. Nous distinguons quatre voies de retrait du travail pour les personnes âgées: retraite, chômage, maladie de longue durée et autres. Le papier porte plus particulièrement sur l'impact des pensions professionnelles sur les transitions vers la retraite. Nous estimons des modèles logits multinomiaux et des modèles de Cox à taux de risqué proportionnel, séparément pour les hommes et les femmes. La conclusion que nous en tirons est que la participation à un régime de retraite professionnel accroît, chez les hommes, le taux de risque de retraite. Les résultats concernant les femmes sont moins précis étant donné le nombre relativement faible de femmes affiliées à un régime de retraite professionnel ...

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Paper provided by OECD, Economics Department in its series OECD Economics Department Working Papers with number 206.

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Date of creation: 24 Jun 1998
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Handle: RePEc:oec:ecoaaa:206-en

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1. repec:ese:iserwp: is not listed on IDEAS
2. Richard Disney & Carl Emmerson & Matthew Wakefield, 2003. "Ill health and retirement in Britain: a panel data based analysis," IFS Working Papers W03/02, Institute for Fiscal Studies. [Downloadable!]
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   • Disney, Richard & Emmerson, Carl & Wakefield, Matthew, 2006. "Ill health and retirement in Britain: A panel data-based analysis," Journal of Health Economics, Elsevier, vol. 25(4), pages 621-649, July. [Downloadable!] (restricted)
3. Marjan, MAES, 2008. "Does the dismentlement of early retirement schemes increase unemployment in Belgium ?," Discussion Papers (ECON - Département des Sciences Economiques) 2008041, Université catholique de Louvain, Département des Sciences Economiques. [Downloadable!]

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