The Effect of Pension Generosity on Early Retirement: A Microdata Analysis for Europe from 1967 to 2004

Using pseudo-panel microdata we show that pension generosity affects early retirement decisions. The changes in the average replacement rate and decreases in wealth accrual between 1967 and 2004 have caused an increase in early retirement probabilities from 16% to 63%.

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Year of publication:	2009-06
Authors:	Fischer, Justina A. V. ; Sousa-Poza, Alfonso
Institutions:	Institut für Volkswirtschaftslehre, Fakultät Wirtschafts- und Sozialwissenschaften
Subject:	Early Retirement \| Pension Systems \| Pension Neutrality \| Pension Generosity \| SHARE

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Extent:	application/pdf
Series:	Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series RePEc:hoh:hohdip Number 311/2009 10 pages
Classification:	J26 - Retirement; Retirement Policies ; J21 - Labor Force and Employment, Size, and Structure ; H55 - Social Security and Public Pensions
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004968924