Early Retirement in Portugal

Paula Albuquerque, Manuela Arcanjo and Vítor Escária

No 2009/39, Working Papers Department of Economics from ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa

Abstract: This paper analyzes the early retirement decisions made by Portuguese workers aged 50 to 64. It investigates the main characteristics of early retirees, and the main determinants of their decision, based on the eight waves of the European Community Household Panel for Portugal, from 1994 to 2001. Several definitions of early retirement are considered in order to take into account the different pathways to retirement that workers may follow. Some results are robust to different methodologies: an older age, health problems, a spouse that is not working, and small family sizes generally increase the chances of early retirement.

Date: 2009-09
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More papers in Working Papers Department of Economics from ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa Department of Economics, ISEG - Lisbon School of Economics and Management, Universidade de Lisboa, Rua do Quelhas 6, 1200-781 LISBON, PORTUGAL.
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