Private wealth and planned early retirement: A panel data analysis for the Netherlands 1994-2009

Mauro Mastrogiacomo, Rob Euwals () and Raun van Ooijen
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Rob Euwals: CPB Netherlands Bureau for Economic Policy Analysis
Raun van Ooijen: DNB

No 160, CPB Discussion Paper from CPB Netherlands Bureau for Economic Policy Analysis

Abstract: We study the causal relation between private wealth and retirement age. We propose two estimation strategies based on expected retirement age. The outcome variable is observed repeatedly over time. We correct first for the unobserved heterogeneity in the disutility of work by using panel data techniques. Next, we exploit information on expected wealth accumulation in order to identify the unexpected component in wealth accumulation. In line with the literature we find a small but significant effect of private wealth on planned early retirement.

JEL-codes: C23 J26 (search for similar items in EconPapers)
Date: 2010-11
New Economics Papers: this item is included in nep-age, nep-eur and nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:cpb:discus:160

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