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 AV ; Sousa-Poza, Alfonso
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Early Retirement \| Pension Systems \| Pension Neutrality \| Pension Generosity \| SHARE

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	H55 - Social Security and Public Pensions ; J21 - Labor Force and Employment, Size, and Structure ; J26 - Retirement; Retirement Policies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005031396