The Effect of Pension Generosity on Early Retirement: A Microdata Analysis for Europe from 1967 to 2004

Justina A. V. Fischer () and Alfonso Sousa-Poza ()

No 311/2009, Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim from Department of Economics, University of Hohenheim, Germany

Abstract: Using pseudo-panel microdata we show that pension generosity affects early retirement decisions. The changes in the average replacement rate and decreases in wealth accrual between 1967 and 2004 have caused an increase in early retirement probabilities from 16% to 63%.

Keywords: Early Retirement; Pension Systems; Pension Neutrality; Pension Generosity; SHARE (search for similar items in EconPapers)
JEL-codes: J26 J21 H55 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-age, nep-eec and nep-lab
Date: 2009-06
View list of references

Downloads: (external link)
http://www.uni-hohenheim.de/RePEc/hoh/papers/311.pdf (application/pdf)

Related works:
Working Paper: The Effect of Pension Generosity on Early Retirement: A Microdata Analysis for Europe from 1967 to 2004 (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:hoh:hohdip:311

Access Statistics for this paper

More papers in Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim from Department of Economics, University of Hohenheim, Germany
Contact information at EDIRC.
Series data maintained by Ulrike Berberich ().