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This paper first confronts the observed aggregate retirement pattern in the Netherlands with predictions of traditional economic models of retirement. →

This paper first confronts the observed aggregate retirement pattern in the Netherlands with predictions of traditional economic models of retirement. →

This study investigates the impact of the reforms on labour market exit probabilities →

This study investigates the impact of the reforms on labour market exit probabilities →

Flexible retirement - that is, the opportunity to choose one’s own personal retirement age - serves as a hedge against pension risk and provides insurance to workers facing health or productivity shocks. →

Flexible retirement - that is, the opportunity to choose one’s own personal retirement age - serves as a hedge against pension risk and provides insurance to workers facing health or productivity shocks. →

This study argues that Dutch policy regarding the labour market for elderly is at a crossroads. →

This study argues that Dutch policy regarding the labour market for elderly is at a crossroads. →

In the early 1990s, the Dutch social partners agreed upon transforming the generous and actuarially unfair PAYG early retirement schemes into less generous and actuarially fair capital funded schemes. →

In the early 1990s, the Dutch social partners agreed upon transforming the generous and actuarially unfair PAYG early retirement schemes into less generous and actuarially fair capital funded schemes. →