Labour Supply Effects of an Early Retirement Programme
In 1989, an early retirement program (AFP) was introduced in Norway, with an eligibility age gradually decreasing from 66 to 62, and now covering about two thirds of the labour force. To assess the impact on the labour force we estimate a multinomial logit model for transitions between labour market states on quarterly panel data for 1988-II to 1999-IV. The estimated model tracks the development in transition rates and labour force quite well. Model simulations indicate that abolishing the AFP might increase the total labour force by almost two per cent in five years.
|Date of creation:||28 Jan 2002|
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- Hernaes,E., 1999.
"Early retirement and economic incentives,"
17/1999, Oslo University, Department of Economics.
- Erik Hernæs & Steinar Strøm, 2000. "Family labour supply when the husband is eligible for early retirement," ICER Working Papers 04-2000, ICER - International Centre for Economic Research.
- Bratberg, E. & Holmas, T.H. & Thogersen, O., 2000.
"Assessing the Effects of Early Retirement Programs,"
Norway; Department of Economics, University of Bergen
0900, Department of Economics, University of Bergen.
- Bratberg, E. & Holmas, T.H. & Thogersen, O., 2000. "Assessing the Effects of Early Retirement Programs," Papers 4/2000, Norwegian School of Economics and Business Administration-.
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