期刊名称:Discussion Papers / Norwegian School of Economics and Business Administration
印刷版ISSN:0804-6824
出版年度:2000
出版社:Bergen
摘要:We investigate induced retirement effects of the Norwegian early retirement program "AFP"and emphasize effects caused by relocations of some individuals from disability pension to AFP.Our theoretical model predicts that AFP unambigously induces more early retirement. Thesubstitution effect towards early retirement is strongest for low income individuals. Using alongitudinal sample, we demonstrate that i) economic incentives influence the retirementdecision, ii) there is a significant net induced retirement effect and the magnitude is inverselyrelated to income, iii) approximately 28 and 8 per cent of the AFP pensioners would otherwisehave been disabled or unemployed
关键词:Induced retirement; social security; tax-transfer programs