The impact of reforms on labour market exit probabilities

Rob Euwals (), Annemiek van Vuren and Daniel van Vuuren
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Rob Euwals: CPB Netherlands Bureau for Economic Policy Analysis

No 179, CPB Discussion Paper from CPB Netherlands Bureau for Economic Policy Analysis

Abstract: Early retirement schemes and disability insurance in the Netherlands have both been reformed during the past decades. The reforms have increased incentives to continue working and have decreased the substitution between early retirement and disability. This study investigates the impact of the reforms on labour market exit probabilities We use administrative data for workers in the Dutch health care sector between 1999 and 2006. We estimate a multinomial Logit model for transitions out of the labour force. The empirical results suggest that the reforms have been effective, as the labour market participation rate of the elderly has increased. The concept of substitute pathways into retirement seems less relevant today as the results confirm that disability insurance is closed off as an early retirement exit route. Key words: early retirement, disability insurance, labour supply

JEL-codes: C35 J26 (search for similar items in EconPapers)
Date: 2011-06
New Economics Papers: this item is included in nep-age, nep-eur and nep-lab
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Persistent link: https://EconPapers.repec.org/RePEc:cpb:discus:179

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