December 14, 2005

Early retirement behaviour in the Netherlands; evidence from a policy reform

Omzetting VUT naar prepensioen zorgt voor langer doorwerken

Press release

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Spokesmen

Foto Rob Euwals
Rob Euwals +31 6 55736513 Read more
Daniel van Vuuren Read more
Dick Morks Read more

The starting dates of the transitional arrangements varied by industry sector. In this study, we exploit the variation in starting dates to estimate the causal impact of the policy reform on early retirement behaviour.

We use a large administrative dataset, the Dutch Income Panel 1989-2000, to estimate hazard rate models for early retirement. We conclude that the policy reform induced workers to postpone early retirement. Model simulations show that the first phase of the transition has already led to an average retirement postponement by 4 months in the group of elderly workers investigated. It will become about 9 months once the transition is fully completed.

Contacts

Foto Rob Euwals
Rob Euwals +31 6 55736513 Read more
Daniel van Vuuren Read more
Ronald Wolthoff Read more