Hernaes, Erik; Markussen, Simen; Piggott, John; Røed, Knut - Institute for the Study of Labor (IZA) - 2015
We exploit a comprehensive restructuring of the early retirement system in Norway in 2011 to examine labor supply … test at age 63 led to an immediate increase in average annual labor earnings among the affected mature workers by around … $14,700 (NOK 90,000). The implied uncompensated labor earnings elasticity (the percentage change in average gross earnings …