Labour Supply Effects of an Early Retirement Programme
Erik Hernaes () and
No 33/2001, Memorandum from Oslo University, Department of Economics
In 1989, an early retirement program (AFP) was introduced in Norway, with an eligibility age gradually decreasing from 66 to 62, and now covering about two thirds of the labour force. To assess the impact on the labour force we estimate a multinomial logit model for transitions between labour market states on quarterly panel data for 1988-II to 1999-IV. The estimated model tracks the development in transition rates and labour force quite well. Model simulations indicate that abolishing the AFP might increase the total labour force by almost two per cent in five years.
Keywords: Early retirement; panel data; econometric models (search for similar items in EconPapers)
JEL-codes: D10 H55 J26 (search for similar items in EconPapers)
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
http://www.sv.uio.no/econ/english/research/unpubli ... 001/Memo-33-2001.pdf (application/pdf)
Working Paper: Labour Supply Effects of an Early Retirement Programme (2001)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:hhs:osloec:2001_033
Access Statistics for this paper
More papers in Memorandum from Oslo University, Department of Economics Department of Economics, University of Oslo, P.O Box 1095 Blindern, N-0317 Oslo, Norway. Contact information at EDIRC.
Bibliographic data for series maintained by Mari Strønstad Øverås ().