Determinants for the transition from work into retirement in Europe

Riedel, Monika; Hofer, Helmut and Wögerbauer, Birgit (2015) Determinants for the transition from work into retirement in Europe. IZA Journal of European Labor Studies, 4 (4). DOI: 10.1186/s40174-014-0027-5

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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.

Item Type: Article in Academic Journal
Keywords: Planned retirement, Joint retirement decision, Pension system characteristics, Country differences, Europe
Classification Codes (e.g. JEL): C21, J22, J26
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Date Deposited: 09 Jun 2015 11:25
Last Modified: 20 Nov 2023 12:46
DOI: 10.1186/s40174-014-0027-5
ISSN: 2193-9012 (Online)

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