Nonparametric Evidence on the Effects of Financial Incentives on Retirement Decisions
51 Pages Posted: 20 Feb 2014
Date Written: January 31, 2014
Abstract
This paper presents new evidence on the effects of retirement benefits on labor force participation decisions. The analysis is based on a mandated rule for employer-provided retirement benefits in Austria that creates discontinuities in the incentives for workers to delay retirement. We present graphical evidence on labor supply responses and effective financial incentives and develop nonparametric methods to estimate extensive margin labor supply elasticities. Overall, multiple results highlight modest impacts of financial incentives on retirement decisions.
JEL Classification: H310, J140, J260
Suggested Citation: Suggested Citation
Manoli, Day and Weber, Andrea Michaela and Weber, Andrea Michaela, Nonparametric Evidence on the Effects of Financial Incentives on Retirement Decisions (January 31, 2014). CESifo Working Paper Series No. 4619, Available at SSRN: https://ssrn.com/abstract=2398310 or http://dx.doi.org/10.2139/ssrn.2398310
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