It has been suggested that much of the dramatic decline in the participation rate of Dutch elderly has been caused by features of the Dutch retirement income support system. The Dutch system consists of several alternative schemes that can be used to retire early and these schemes are characterised by relatively weak eligibility conditions and generous replacement rates. This report assesses empirically the impact of the incentives embedded in these schemes on the retirement behaviour of older workers using micro data. The econometric model is estimated on a rich panel survey, specifically designed for ageing research. The results indicate strong incentive effects from Early Retirement schemes on the probability to retire. We also find that Disability Insurance replacement rates have a negative effect on the transition rate to Early Retirement. Early retirement replacement rates also affect the transition rates of the other exit routes. This indicates that income streams of ...

Il a été suggéré que la baisse spectaculaire du taux de participation des personnes âgées aux Pays-Bas s'expliquait essentiellement par des particularités du système de retraites néerlandais. Celui-ci offre une gamme d'options alternatives qui pourraient être utilisées pour prendre une retraite anticipée et qui sont caractèrisées par des conditions d'éligibilité relativement faibles et des taux de remplacement généreux. Ce rapport évalue de manière empirique l'ampleur des effets incitatifs des institutions néerlandaises sur le comportement vis-à-vis de la retraite en utilisant un modèle micro-économique. Ce modèle est estimé à partir d'une enquête de panel étoffée, spécialement conçue pour la recherche sur le vieillissement. Les résultats indiquent que les systèmes de retraite anticipés ont de forts effets incitatifs sur la probabilité de prendre sa retraite. Nous constatons également que les taux de remplacement de la pension d'invalidité ont un effet négatif sur le taux de ...

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Paper provided by OECD Economics Department in its series OECD Economics Department Working Papers with number 207.

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Handle: RePEc:oec:ecoaaa:207-en

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1. Rob Euwals & Daniel J. van Vuuren & Ronald P. Wolthoff, 2006. "Early Retirement Behaviour in the Netherlands: Evidence from a Policy Reform," Tinbergen Institute Discussion Papers 06-021/3, Tinbergen Institute. [Downloadable!]
   Other versions:
   • Rob Euwals & Daniel van Vuuren & Ronald Wolthoff, 2006. "Early Retirement Behaviour in the Netherlands: Evidence from a Policy Reform," IZA Discussion Papers 1992, Institute for the Study of Labor (IZA). [Downloadable!]
   • Euwals, Rob & van Vuuren, Daniel & Wolthoff, Ronald, 2006. "Early Retirement Behaviour in the Netherlands - Evidence from a Policy Reform," CEPR Discussion Papers 5596, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
   • Rob Euwals & Daniël van Vuuren & Ronald Wolthoff, 2005. "Early retirement behaviour in the Netherlands; evidence from a policy reform," CPB Discussion Papers 52, CPB Netherlands Bureau for Economic Policy Analysis. [Downloadable!]
2. Mauro Mastrogiacomo & Rob Alessie & Maarten Lindeboom, 2004. "Retirement behaviour of Dutch elderly households," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 19(6), pages 777-793. [Downloadable!]
3. Annemiek van VUren & Daniël van Vuuren, 2005. "Financial incentives in disability insurance in the Netherlands," CPB Discussion Papers 45, CPB Netherlands Bureau for Economic Policy Analysis. [Downloadable!]
   Other versions:
   • Annemiek Vuren & Daniel Vuuren, 2007. "Financial Incentives in Disability Insurance in the Netherlands," De Economist, Springer, vol. 155(1), pages 73-98, March. [Downloadable!] (restricted)
4. Mauro Mastrogiacomo & Nicole Voskuilen-Bosch, 2006. "Income incentives to labour participation and home production; the contribution of the tax credits in the Netherlands," CPB Discussion Papers 59, CPB Netherlands Bureau for Economic Policy Analysis. [Downloadable!]
5. Jan H.M. Nelissen, 2002. "Early Retirement: The Impact of Changes in the Benefit Level," Tinbergen Institute Discussion Papers 02-031/3, Tinbergen Institute. [Downloadable!]
6. Tomi Kyyrä & Ralf A. Wilke, 2006. "Reduction in the Long-Term Unemployment of the Elderly: A Success Story from Finland Revised," VATT Discussion Papers 396, Government Institute for Economic Research (VATT). [Downloadable!]

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