Nonparametric Evidence on the Effects of Financial Incentives on Retirement Decisions

Dayanand Manoli and Andrea Weber

No 4619, CESifo Working Paper Series from CESifo

Abstract: This paper presents new evidence on the effects of retirement benefits on labor force participation decisions. The analysis is based on a mandated rule for employer-provided retirement benefits in Austria that creates discontinuities in the incentives for workers to delay retirement. We present graphical evidence on labor supply responses and effective financial incentives and develop nonparametric methods to estimate extensive margin labor supply elasticities. Overall, multiple results highlight modest impacts of financial incentives on retirement decisions.

JEL-codes: H31 J14 J26 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (5)

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Related works:
Journal Article: Nonparametric Evidence on the Effects of Financial Incentives on Retirement Decisions (2016)
Working Paper: Nonparametric Evidence on the Effects of Financial Incentives on Retirement Decisions (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_4619

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