| 来源类型 | Discussion paper
|
| 规范类型 | 论文
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| 来源ID | DP4382
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| DP4382 Preliminary Data and Econometric Forecasting: An Application with the Bank of Italy Quarterly Model |
| Fabio Busetti
|
| 发表日期 | 2004-05-23
|
| 出版年 | 2004
|
| 语种 | 英语
|
| 摘要 | Early retirement is predominantly considered as the result of incentives set by social security and the tax system. But people seem to retire early even in the absence of such distortions, as the Swiss example demonstrates. We look for determinants of early retirement, in particular the role of lifetime income and family status, using individual data from a selection of Swiss pension funds. Our findings suggest that affordability is a key determinant in retirement decisions: more affluent men and ? to a much smaller extent ? women tend to leave the work force earlier. The fact that early retirement has become much more prevalent in the last 15 years is another indicator for the importance of affordability as Switzerland?s funded pension system has matured over that period leading to higher effective replacement rates. We also find sizeable differences in retirement behaviour across marital status. These may be explained by a constrained rational choice based on differential mortality and the desire of couples to coordinate their entry into retirement. |
| 主题 | Public Economics
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| 关键词 | Occupational pension
Retirement decision
Duration models
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| URL | https://cepr.org/publications/dp4382
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| 来源智库 | Centre for Economic Policy Research (United Kingdom)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533336
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推荐引用方式
GB/T 7714 |
Fabio Busetti. DP4382 Preliminary Data and Econometric Forecasting: An Application with the Bank of Italy Quarterly Model. 2004.
|
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