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.

RIS

@ARTICLE{Manoli2016,
title = {Nonparametric Evidence on the Effects of Financial Incentives on Retirement Decisions},
author = {Dayanand Manoli and Andrea Weber},
year = {2016},
doi = {http://dx.doi.org/10.1257/pol.20140209 },
volume = {8},
number = {4},
language = {EN},
pages = {160-182},
journal = {American Economic Journal: Economic Policy},
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.},
}