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Preferences for early retirement among older government employees in Egypt

Author

Listed:
  • Cem Baslevent

    () (Istanbul Bilgi University)

  • Fatma El-hamidi

    () (University of Pittsburgh)

Abstract

The objective of this study is to determine the factors affecting the early retirement preferences of Egyptian government sector employees. In line with the existing literature, we consider the possibility that the early retirement and post-retirement employment decisions are made jointly. We do this by estimating a recursive bivariate probit model in which the endogenous ‘post-retirement work'' variable is among the explanatory variables in the ‘early retirement'' equation. Estimation results based on a 2005 survey reveal that the two decisions are in fact correlated. As expected, people who plan to work after retirement are more likely to choose early retirement.

Suggested Citation

  • Cem Baslevent & Fatma El-hamidi, 2009. "Preferences for early retirement among older government employees in Egypt," Economics Bulletin, AccessEcon, vol. 29(2), pages 554-565.
  • Handle: RePEc:ebl:ecbull:eb-09-00178
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    File URL: http://www.accessecon.com/Pubs/EB/2009/Volume29/EB-09-V29-I2-P6.pdf
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    References listed on IDEAS

    as
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    3. Meghir, Costas & Whitehouse, Edward, 1996. "The Evolution of Wages in the United Kingdom: Evidence from Micro Data," Journal of Labor Economics, University of Chicago Press, vol. 14(1), pages 1-25, January.
    4. Boskin, Michael J, 1977. "Social Security and Retirement Decisions," Economic Inquiry, Western Economic Association International, vol. 15(1), pages 1-25, January.
    5. Joseph F. Quinn & Richard V. Burkhauser & Daniel A. Myers, 1990. "Passing the Torch: The Influence of Economic Incentives on Work and Retirement," Books from Upjohn Press, W.E. Upjohn Institute for Employment Research, number pt, November.
    6. Wilde, Joachim, 2000. "Identification of multiple equation probit models with endogenous dummy regressors," Economics Letters, Elsevier, vol. 69(3), pages 309-312, December.
    7. Fields, Gary S. & Mitchell, Olivia S., 1984. "The effects of social security reforms on retirement ages and retirement incomes," Journal of Public Economics, Elsevier, vol. 25(1-2), pages 143-159, November.
    8. Stock, James H & Wise, David A, 1990. "Pensions, the Option Value of Work, and Retirement," Econometrica, Econometric Society, vol. 58(5), pages 1151-1180, September.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Kamiya, Yusuke, 2011. "Women's autonomy and reproductive health care utilisation: Empirical evidence from Tajikistan," Health Policy, Elsevier, vol. 102(2), pages 304-313.
    2. Mimmi, Luisa M. & Ecer, Sencer, 2010. "An econometric study of illegal electricity connections in the urban favelas of Belo Horizonte, Brazil," Energy Policy, Elsevier, vol. 38(9), pages 5081-5097, September.
    3. Brown, J. David & Hotchkiss, Julie L. & Quispe-Agnoli, Myriam, 2009. "Undocumented Worker Employment and Firm Survival," IZA Discussion Papers 3936, Institute for the Study of Labor (IZA).
    4. Hamadi Matoussi & Faten Zoghlami, 2007. "Momentum in Emerging Markets: Investigation of Overconfidence and Cognitive BIAS Factors," Working Papers 717, Economic Research Forum, revised 04 Jan 2007.
    5. Jeremy Tanguy, 2013. "Collective and Individual Conflicts in the Workplace: Evidence from F rance," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 52(1), pages 102-133, January.
    6. Siwarat Kuson & Songsak Sriboonchitta & Peter Calkins, 2012. "Household determinants of poverty in Savannakhet, Laos: Binary choice model approach," The Empirical Econometrics and Quantitative Economics Letters, Faculty of Economics, Chiang Mai University, vol. 1(3), pages 33-52, September.
    7. J. David Brown & Julie L. Hotchkiss & Myriam Quispe-Agnoli, 2008. "Undocumented worker employment and firm survivability," FRB Atlanta Working Paper 2008-28, Federal Reserve Bank of Atlanta.

    More about this item

    Keywords

    early retirement; post-retirement work; recursive bivariate probit;

    JEL classification:

    • J0 - Labor and Demographic Economics - - General
    • C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables

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