How raising the full retirement age affects women’s early retirement choices: insights from the interaction of two policies

Elena Bassoli and Ylenia Brilli ()
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Elena Bassoli: ETH Zurich; Ca’ Foscari University of Venice
Ylenia Brilli: Ca’ Foscari University of Venice; CHILD-Collegio Carlo Alberto

No 2025: 30, Working Papers from Department of Economics, University of Venice "Ca' Foscari"

Abstract: This paper analyzes how a reform increasing statutory retirement age from 60 to 64 affected women's incentives for early retirement. In Italy, women can anticipate retirement at 57 (with 35 contribution years), but subject to an annuity penalization. Using Italian administrative data, we compare women eligible for the early retirement scheme before and after the reform, finding a small effect on women's retirement age, but a substantial negative effect on annuity. Effects are stronger for women with low labor market attachment or working full-time, suggesting that reconciliation of paid and unpaid works is an important driver of early retirement choices.

Keywords: statutory retirement; early retirement; women’s labor market attachment; social security wealth (search for similar items in EconPapers)
JEL-codes: H55 J16 J20 J22 J26 (search for similar items in EconPapers)
Pages: 39 pages
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:ven:wpaper:2025:30

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