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Erscheinungsjahr: 
2022
Quellenangabe: 
[Journal:] IZA Journal of Labor Policy [ISSN:] 2193-9004 [Volume:] 12 [Issue:] 1 [Article No.:] 10 [Year:] 2022 [Pages:] 1-36
Verlag: 
Sciendo, Warsaw
Zusammenfassung: 
Australia's "Transition to Retirement Income Streams" (TRIS) program aims to prolong labor force participation for older workers (aged 55-65 years) by offering early access to a worker's compulsory retirement savings (superannuation). Using a difference-in-differences design, our results suggest a small labor supply response, which increases after the program's initial years. The size of the effects appears to be consistent with the program adoption profile, which was low initially. For this reason, our estimates should be viewed as a lower bound for the true effects. We find that individuals with higher incomes are more likely to adopt TRIS. At least half of the program participants appear to be using strategies to minimize tax, a behavioral response that seems at odds with the program's intent.
Schlagwörter: 
labor supply
impact evaluation
mature age workers
retirementsavings
transition to retirement
JEL: 
J19
J26
H2
I38
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