Financial Incentives and the Timing of Retirement: Evidence from Switzerland
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.
|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|
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|Order Information:|| Postal: IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany|
References listed on IDEAS
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- Lumsdaine, Robin L. & Mitchell, Olivia S., 1999.
"New developments in the economic analysis of retirement,"
Handbook of Labor Economics,
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- 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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