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Institutional uncertainty and retirement decisions in Poland

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Author Info

  • Grzegorz Kula

    ()
    (Faculty of Economic Sciences, University of Warsaw)

  • Anna Ruzik-Sierdzińska

    ()
    (Warsaw School of Economics, Department of Economics I)

Abstract

The 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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File URL: http://www.wne.uw.edu.pl/inf/wyd/WP/WNE_WP57.pdf
File Function: First version, 2011
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Bibliographic Info

Paper provided by Faculty of Economic Sciences, University of Warsaw in its series Working Papers with number 2011-17.

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Length: 22 pages
Date of creation: 2011
Date of revision:
Handle: RePEc:war:wpaper:2011-17

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Keywords: retirement; labour supply; pseudo-panels;

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  1. Alan L. Gustman & Thomas L. Steinmeier, 2002. "The Social Security Early Entitlement Age in a Structural Model of Retirement and Wealth," NBER Working Papers 9183, National Bureau of Economic Research, Inc.
  2. Alan Krueger & Jorn-Steffen Pischke, 1989. "The Effect of Social Security on Labor Supply: A Cohort Analysis of the Notch Generation," Working Papers 635, Princeton University, Department of Economics, Industrial Relations Section..
  3. Alan L. Gustman & Thomas L. Steinmeier, 1983. "A Structural Retirement Model," NBER Working Papers 1237, National Bureau of Economic Research, Inc.
  4. Gloria J. Bazzoli, 1985. "The Early Retirement Decision: New Empirical Evidence on the Influence of Health," Journal of Human Resources, University of Wisconsin Press, vol. 20(2), pages 214-234.
  5. Michal Myck & Gillian Paull, 2001. "The role of employment experience in explaining the gender wage gap," IFS Working Papers W01/18, Institute for Fiscal Studies.
  6. Lazear, Edward P, 1979. "Why Is There Mandatory Retirement?," Journal of Political Economy, University of Chicago Press, vol. 87(6), pages 1261-84, December.
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