Increasing the Effective Retirement Age: Key Factors and Interaction Effects

49 Pages Posted: 9 Mar 2021

See all articles by Tilbe Atav

Tilbe Atav

affiliation not provided to SSRN

Egbert Jongen

CPB Netherlands Bureau of Economic Policy Analysis

Simon Rabat

affiliation not provided to SSRN

Abstract

We study the effects of the recent increase in the statutory retirement age (SRA) in the Netherlands, using RDD and rich administrative data on the universe of the Dutch population. We find large interaction effects with a preceding early retirement reform. The employment effect of the SRA reform is much larger for cohorts receiving less generous early retirement benefits. Indeed, the level of employment before the SRA, together with the retirement hazard at the SRA, is key to understanding the effects of retirement age reforms. Our results further point to a big role for automatic job termination in the Netherlands.

JEL Classification: J14, J26

Suggested Citation

Atav, Tilbe and Jongen, Egbert and Rabat, Simon, Increasing the Effective Retirement Age: Key Factors and Interaction Effects. IZA Discussion Paper No. 14150, Available at SSRN: https://ssrn.com/abstract=3798903

Tilbe Atav (Contact Author)

affiliation not provided to SSRN

No Address Available

Egbert Jongen

CPB Netherlands Bureau of Economic Policy Analysis ( email )

P.O. Box 80510
2508 GM The Hague, 2585 JR
Netherlands

Simon Rabat

affiliation not provided to SSRN

No Address Available

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