Pension Incentives and the Pattern of Early Retirement
Datos Bibliográficos
| ID | 9706783 |
|---|---|
| Autores | Richard Blundell (0000-0003-1588-2299, University College London and Institute for Fiscal Studies), Costas Meghir (0000-0002-4448-425X, University College London and Institute for Fiscal Studies), Sarah Smith (0000-0003-0857-5039, University College London and Institute for Fiscal Studies) |
| Año | 2002 |
| Volumen | 112 |
| Número | 478 |
| Páginas | C153-C170 |
| Fecha de publicación | 2002-03-01 |
| Peer Reviewed | Sí |
| Open Access | Sí |
| Tipo | ARTICLE |
| Revista | The Economic Journal (JOURNAL) |
| Identificadores de la revista | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Editorial | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/1468-0297.00031 |
| OpenAlex | W2004604284 |
| Idioma | EN |
| Citas recibidas | 17 |
| Referencias citadas | 4 |
This mix of state and private pension provision in the United Kingdom provides a rare degree of variation in pension incentives for retirement. Using a sample of individuals from the UK Retirement Survey, the paper models the probability of retirement in terms of the incentives underlying the individual’s pension plan as well as other socio-economic factors. It follows an option value approach and allows a separate role for pension wealth, for spouse’s economic characteristics and for demographic characteristics. It distinguishes between SERPS and private schemes and models eligibility to disability. The results point to significant retirement incentive effects from the pension system. Like many other OECD countries, the United Kingdom has been experiencing a trend towards earlier labour market exits among older, particularly male, work-ers. The proportion of men aged 60–64 in employment halved from 1968, when 80 % were employed, to less than 40 % at the end of the 1990s. The fall in the proportion of older men who were in full-time employment was even greater than the fall in the proportion in any form of employment with a relative shift within the employed to self-employment and part-time employment. Female employ
Actuarial science · Business · Demographic economics · Economics · Incentive · Labour economics · Microeconomics · Pension · Pension plan · Point (geometry · Political science · Private pension · Sample (material · Spouse · Value (mathematics · Finance · Financial Literacy, Pension, Retirement Analysis · Global Health Care Issues · Retirement, Disability, and Employment
Why Has Employment Recently Risen Among Older Workers in Britain?
Does retirement trigger ill health?
Home ownership and early retirement
Factors Predicting Voluntary and Involuntary Workforce Transitions at Mature Ages
Old-age unemployment and labour supply
Ageing Workforces, Ill‐health and Multi‐state Labour Market Transitions
Social Security and Early Retirement
Non-employment and the welfare state
Pension Reforms and Women Retirement Plans
Economic impact of retirement on the elderly population
Changing attitudes to risk at older ages
Income growth in the United Kingdom during late career and after retirement
Benefit Generosity and the Income Effect on Labour Supply
Factors influencing the decision of whether to retire or extend one’s employment
The Evolution of Gender Segregation over the Life Course
Retirement in Western Germany - How Workplace Tasks Influence Its Timing
Ageing Organisations and the Extension of Working Lives
| Obras citantes distintas | 17 |
|---|---|
| Citas por año | 0,74 |
| Intervalo de citas | 2003 - 2025 (23) |
| Velocidad de citación | recent |
| Altamente citado | No |
| Tipos de cita | Neutras: 17 |