Institutional uncertainty and retirement decisions in Poland
AbstractThe paper analyzes the factors influencing situation and retirement decisions of different cohorts in Poland in years 1995-2007. We checked if changes in economic activity at the later stage of professional life can be observed via changes in the social security legislation and their consequences for different cohorts. Separate pseudo-panel models were estimated for men and women based on the annual Household Budget Survey datasets. The results show that apart from variables usually identified in the literature that have a significant impact on retirement decisions, institutional changes are also significant in case of Poland. Especially regulations concerning access to pre-retirement allowances and benefits turned out to be significant, as well as changes in possibility to combine work and receiving pension.
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Bibliographic InfoPaper provided by Faculty of Economic Sciences, University of Warsaw in its series Working Papers with number 2011-17.
Length: 22 pages
Date of creation: 2011
Date of revision:
retirement; labour supply; pseudo-panels;
Find related papers by JEL classification:
- J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
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