Quotation 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.


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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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Publication's profile

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)
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