Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/300334 
Authors: 
Year of Publication: 
2024
Series/Report no.: 
IFN Working Paper No. 1495
Publisher: 
Research Institute of Industrial Economics (IFN), Stockholm
Abstract: 
Aging populations strain pension systems, prompting policymakers to introduce partial retirement schemes to incentivize workers to retire later. I study the impact of introducing partial retirement within collective bargaining agreements in Sweden's manufacturing sector in 2013. Merging collective bargaining data with administrative records, I employ a difference-in-differences methodology to analyze the labor market trajectories of eligible and ineligible cohorts around the introduction year. The results reveal a nuanced picture: while eligible workers are more likely to work and claim pension benefits simultaneously, this comes at the expense of a 10% decline in employment rates and a SEK 50,000 reduction in labor earnings. In summary, partial retirement fails to extend working lives, thus undermining its utility as a one-size-fits-all solution to the future of pension systems.
Subjects: 
Partial Retirement
Pension
Labor Supply
JEL: 
D15
J26
J32
Document Type: 
Working Paper

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