The Effects of Pension Programme Incentives on Retirement Behavior in Denmark

Paul Bingley, Nabanita Datta Gubta () and Peder J. Pedersen ()
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Paul Bingley: Centre for Labour Market and Social Research, Aarhus School of Business, Postal: The Aarhus School of Business, Prismet, Silkeborgvej 2, DK 8000 Aarhus C, Denmark
Nabanita Datta Gubta: Centre for Labour Market and Social Research, Aarhus School of Business, Postal: The Aarhus School of Business, Prismet, Silkeborgvej 2, DK 8000 Aarhus C, Denmark
Peder J. Pedersen: Centre for Labour Market and Social Research, Aarhus School of Business, Postal: The Aarhus School of Business, Prismet, Silkeborgvej 2, DK 8000 Aarhus C, Denmark, http://www.econ.au.dk/afn/default.htm
Authors registered in the RePEc Author Service: Nabanita Datta Gupta ()

No 01-8, CLS Working Papers from University of Aarhus, Aarhus School of Business, Centre for Labour Market and Social Research

Abstract: The effects of pension programme incentives on retirement in Denmark are analysed in an option value framework. Using eligibility criteria and detailed entitlement rules for the five main publicly funded retirement programmes, we calculate social security wealth, one year pension accrual and forward-looking incentive measures. Estimation results from an option value analysis are used to simulate the expected outcome from a set of strategic reforms of retirement policy.

Keywords: Retirement; Public pension programmes; Option value analysis; Pension reform (search for similar items in EconPapers)
JEL-codes: H55 J26 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-pbe
Date: Written 2001-03-01
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