Financial Incentives and the Timing of Retirement: Evidence from Switzerland

Hanel, Barbara; Riphahn, Regina

Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/73355

Title:

Financial Incentives and the Timing of Retirement: Evidence from Switzerland

Authors:

Hanel, Barbara
Riphahn, Regina

Year of Publication:

2006

Series/Report no.:

BGPE Discussion Paper No. 9

Publisher:

Friedrich-Alexander-Universität Erlangen-Nürnberg, Bavarian Graduate Program in Economics (BGPE), Nürnberg

Abstract:

We use reforms in the Swiss public retirement system to identify the responsiveness of retirement timing to financial incentives. A permanent reduction of retirement benefits by 3.4 percent induces more than 70 percent of females to postpone their retirement. The responsiveness of male workers, who undergo a different treatment, is lower.

Subjects:

retirement insurance
incentives
social security
labor force exit
natural experiment
Switzerland

JEL:

J26
H55
J14

Document Type:

Working Paper

Appears in Collections:

BGPE Discussion Paper Series, Bavarian Graduate Program in Economics, Friedrich-Alexander University of Erlangen-Nuremberg (FAU)

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