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Financial Incentives and the Timing of Retirement: Evidence from Switzerland

  • Hanel, Barbara

    ()

    (Melbourne Institute of Applied Economic and Social Research)

  • Riphahn, Regina T.

    ()

    (University of Erlangen-Nuremberg)

We use reforms in the Swiss public retirement system to identify the responsiveness of retirement timing to financial incentives. A permanent reduction of retirement benefits by 3.4 percent induces more than 70 percent of females to postpone their retirement. The responsiveness of male workers, who undergo a different treatment, is lower.

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Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 2492.

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Length: 10 pages
Date of creation: Dec 2006
Publication status: published as 'The Timing of Retirement - New Evidence from Swiss Female Workers' in: Labour Economics, 2012, 19(5), 718-728
Handle: RePEc:iza:izadps:dp2492
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  22. Esther Duflo & Emmanuel Saez, 2003. "The Role of Information and Social Interactions in Retirement Plan Decisions: Evidence from a Randomized Experiment," The Quarterly Journal of Economics, Oxford University Press, vol. 118(3), pages 815-842.
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