Pension Reforms and Women Retirement Plans

Tito Boeri and Agar Brugiavini

No 3821, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: We analyse the effects of pension reforms on the planned retirement age of women by exploiting within country variation in pension wealth across cohorts of workers in Italy after the Amato and Dini reforms of the early 1990s, which introduced a "Notionally Defined Contribution" (NDC) method for calculating pension benefits. The effect of the change in the pension regime on retirement decisions is affected by the presence of gaps in careers of women. Binding constraints related to eligibility to pensions indeed reduce the responsiveness of women to changes in pension rules. This explains why, contrary to a priori expectations, men are often found to be more reactive than women to changes in pension rules.

Keywords: gaps in careers; social security wealth and accrual; pensions (search for similar items in EconPapers)
JEL-codes: J14 J16 J26 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2008-11
New Economics Papers: this item is included in nep-age and nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

Published - published in: Journal of Population Ageing, 2008, 1 (1), 7 - 30

Downloads: (external link)
https://docs.iza.org/dp3821.pdf (application/pdf)

Related works:
Working Paper: Pension Reforms and Women Retirement Plans (2008)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:iza:izadps:dp3821

Ordering information: This working paper can be ordered from
IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany

Access Statistics for this paper

More papers in IZA Discussion Papers from Institute of Labor Economics (IZA) IZA, P.O. Box 7240, D-53072 Bonn, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Holger Hinte ().