Early Retirement Policy in the Presence of Competing Exit Pathways

Evidence from Pension Reforms in Finland

Dados Bibliográficos

ID9727196
AutoresTomi Kyyrä (Government Institute for Economic Research (VATT) Helsinki Finland, autor correspondente)
Ano2015
Volume82
Fascículo325
Páginas46-78
Data de publicação2015-01-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoEconomica (JOURNAL)
Identificadores do periódicoISSN: 0013-0427 • E-ISSN: 1468-0335
EditoraWiley (PUBLISHER • GB)
DOI10.1111/ecca.12100
OpenAlexW3126072891
IdiomaEN
Citações recebidas5
Referências citadas29

I study the effects of changes in the eligibility age thresholds for unemployment and part‐time pensions, and the effect of tightening medical criteria for disability pension eligibility in Finland. Particular attention is paid to the spillover effects of the pension reforms. These pension reforms jointly raised the average age at which workers leave employment by 3.9 months, mainly due to a sharp drop in disability pension enrolment from age 58 upwards and a lower incidence of unemployment at younger ages. These effects are heterogeneous, much of which is attributable to the spillover effects that vary across individuals

Demographic economics · Disability pension · Economic growth · Economics · Incidence (geometry) · Labour economics · Macroeconomics · Pension · Pension system · Population · Retirement age · Spillover effect · Unemployment · Finance · Global Health Care Issues · Labor market dynamics and wage inequality · Medicine · Retirement, Disability, and Employment