Manoli, Dayanand , Weber, Andrea. 2016. Nonparametric Evidence on the Effects of Financial Incentives on Retirement Decisions. American Economic Journal: Economic Policy 8 (4), 160-182.
BibTeX
Abstract
This paper presents new evidence on the effects of retirement benefits on labor force participation decisions. The analysis is based on a mandated rule for employer-provided retirement benefits in Austria that creates discontinuities in the incentives for workers to delay retirement. The paper presents graphical evidence on labor supply responses and develops a conceptual framework that accounts for the dynamic incentive structure and for adjustment frictions. Using bunching methods, a semi-elasticity of participation is estimated, which ranges from 0.1 to 0.3 and is highest for incentives targeted at a delay in retirement by 6 to 9 months.
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Status of publication | Published |
---|---|
Affiliation | WU |
Type of publication | Journal article |
Journal | American Economic Journal: Economic Policy |
Citation Index | SSCI |
WU-Journal-Rating new | FIN-A, VW-A, WH-B |
Language | English |
Title | Nonparametric Evidence on the Effects of Financial Incentives on Retirement Decisions |
Volume | 8 |
Number | 4 |
Year | 2016 |
Page from | 160 |
Page to | 182 |
Reviewed? | Y |
DOI | http://dx.doi.org/10.1257/pol.20140209 |
Associations
- People
- Weber, Andrea (Former researcher)
- External
- Manoli, Dayanand (University of Texas at Austin, United States/USA)
- Organization
- Department of Economics (Kartal) (Details)