The Effects of the Early Retirement Age on Retirement Decisions

D S Manoli, Andrea Weber

    Research output: Working paper/PreprintWorking paper

    Abstract (may include machine translation)

    We present quasi-experimental evidence on the effects of increasing the Early Retirement Age
    (ERA) on older workers' retirement decisions. The analysis is based on social security reforms in
    Austria in 2000 and 2004, and administrative data allows us to distinguish between pension
    claims and job exits. Using a Regression Kink Design, we estimate that, within a birth cohort, a
    1.0-year increase in the ERA leads to a 0.4-year increase in the average job exiting age and a 0.5-
    year increase in the average pension claiming age. When the ERA increases, many older workers
    remain in their jobs longer
    Original languageEnglish
    Place of PublicationCambridge, Massachusetts
    PublisherNational Bureau of Economic Research (NBER)
    DOIs
    StatePublished - 2016

    Publication series

    NameNBER Working Paper Series

    Fingerprint

    Dive into the research topics of 'The Effects of the Early Retirement Age on Retirement Decisions'. Together they form a unique fingerprint.

    Cite this