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Early Retirement and Company Characteristics
By Hernæs, Erik, Fedor Iskhakov and Steinar Strøm
Memorandum 16/2006
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Abstract |
Early retirement decisions derived from a structural model with economic incentives
and firm workforce changes, are estimated on Norwegian linked household and firm data. For
households in which the wife is the first to become eligible for early retirement, the impact on
early retirement of a reduction in the firm workforce is stronger relative to economic
incentives than is the case for men, in particular in the private sector. Both for men and
women, also an expansion of the firm workforce implies a higher retirement probability.The
eligibility age in the early retirement programme has gradually been reduced from 66 in 1989
to 62 in 1998. We find that the economic incentives relative to the push factor have become
more important, both for men and women, the lower the eligibility age is. |
| JEL Classification:
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C35, J26 |
| Keywords:
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Early retirement, demand side and supply side factors, microeconometric
models, heterogeneity |
| Project:
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1133 Working life and welfare of the elderly
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| Contact:
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erik.hernas@frisch.uio.no |
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[Full Text PDF]
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