The Effects of Pension Programme Incentives on Retirement Behavior in Denmark
The effects of pension programme incentives on retirement in Denmark are analysed in an option value framework. Using eligibility criteria and detailed entitlement rules for the five main publicly funded retirement programmes, we calculate social security wealth, one year pension accrual and forward-looking incentive measures. Estimation results from an option value analysis are used to simulate the expected outcome from a set of strategic reforms of retirement policy.
|Date of creation:||01 Mar 2001|
|Date of revision:|
|Contact details of provider:|| Postal: The Aarhus School of Business, Prismet, Silkeborgvej 2, DK 8000 Aarhus C, Denmark|
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- John Rust, 1989.
"Behavior of male workers at the end of the life-cycle: an empirical analysis of states and controls,"
Discussion Paper / Institute for Empirical Macroeconomics
6, Federal Reserve Bank of Minneapolis.
- John P. Rust, 1990. "Behavior of Male Workers at the End of the Life Cycle: An Empirical Analysis of States and Controls," NBER Chapters, in: Issues in the Economics of Aging, pages 317-382 National Bureau of Economic Research, Inc.
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