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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
Date of revision:
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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  1. Monika Bütler, 2002. "The Political Feasibility of Increasing the Retirement Age: Lessons from a Ballot on the Female Retirement Age," International Tax and Public Finance, Springer, vol. 9(4), pages 349-365, August.
  2. Alan B. Krueger & Jorn-Steffen Pischke, 1991. "The Effect of Social Security on Labor Supply: A Cohort Analysis of the Notch Generation," NBER Working Papers 3699, National Bureau of Economic Research, Inc.
  3. Courtney Coile & Jonathan Gruber, 2000. "Social Security and Retirement," NBER Working Papers 7830, National Bureau of Economic Research, Inc.
  4. Robin L. Lumsdaine & Olivia S. Mitchell, . "New Developments in the Economic Analysis of Retirement," Pension Research Council Working Papers 98-8, Wharton School Pension Research Council, University of Pennsylvania.
  5. Chan, Sewin & Stevens, Ann Huff, 2004. "Do changes in pension incentives affect retirement? A longitudinal study of subjective retirement expectations," Journal of Public Economics, Elsevier, vol. 88(7-8), pages 1307-1333, July.
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