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Determinants for the transition from work into retirement in Europe

Riedel, Monika and Hofer, Helmut and Wögerbauer, Birgit (2015) Determinants for the transition from work into retirement in Europe. IZA Journal of European Labor Studies, 4 (1). pp. 1-19. ISSN 2193-9012

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Abstract

We use the labor force ad hoc module "transition from work into retirement" to analyze the link between individual as well as pension system characteristics and planned retirement age within the European Union. We find that timing of retirement is correlated between partners who are, already at the stage of retirement planning. In richer countries of the EU15, standard retirement age seems to have a larger effect on planned retirement age than in poorer EU15 states or in new EU member states. The effect of pension wealth is largest in the new EU member states and smallest in rich EU15 countries. Furthermore, industry and occupation effects differ by country type. (authors' abstract)

Item Type: Article
Additional Information: A former version of the paper was prepared in the context of the NEUJOBS project (www.neujobs.eu). Funding under grant agreement number 266.833 (Large scale integrating project FP7-SSH-2010-1) is gratefully acknowledged. We thank the editor, an anonymous referee, Rudi Winter-Ebmer, Anna Thum and Anna Ruzik-Sierdzinska for helpful comments on earlier versions of the paper.
Keywords: planned retirement / joint retirement decision / pension system characteristics / country differences / Europe
Classification Codes: JEL C21; J22; J26
Version of the Document: Published
Variance from Published Version: None
Depositing User: Elena Simukovic
Date Deposited: 25 Aug 2016 14:27
Last Modified: 26 Aug 2016 04:20
Related URLs:
URI: http://epub.wu.ac.at/id/eprint/5156

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