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Effective Age of Retirement: Innovative Methodology and Recent Experience

Author

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  • Maxime Comeau
  • Denis Latulippe

Abstract

Methodology to estimate effective retirement age from the labor market has been developed over the last 15 years and is now commonly used for experience review and policy development. However, both transition from work to retirement (including gradual retirement) and the socio-economic environment have evolved over this period which includes the 2008 economic crisis. This paper presents innovative ways to estimate retirement age, in order to better assess effective retirement from employment and not only focus on labor force participation rates. It also makes possible the distinction between retirement from full-time employment vs part-time employment. Results are presented for four countries (Austria and Germany, Ireland and the United Kingdom) with rather diverging experience Depuis une quinzaine d’années, une méthodologie a été développée pour permettre l’estimation de l’âge effectif de retraite du marché du travail, et cette méthodologie est maintenant utilisée sur une base régulière pour suivre l’expérience et apporter un éclairage en matière de développement de politiques. Le processus de transition travail-retraite et l’environnement socio-économique ont cependant évolué de façon significative au cours des dernières années, incluant la crise économique et financière de 2008. Ce papier présente des façons novatrices d’estimer l’âge de retraite, mettant l’accent sur l’emploi effectif des travailleurs âgés et ne référant pas exclusivement aux taux d’activité. La méthodologie retenue permet également une distinction entre la retraite d’un emploi à temps plein vs la retraite de tout emploi. Les résultats sont présentés pour quatre pays (Autriche, Allemagne, Irlande et Royaume-Uni) caractérisés par des situations divergentes au cours des dernières années.

Suggested Citation

  • Maxime Comeau & Denis Latulippe, 2015. "Effective Age of Retirement: Innovative Methodology and Recent Experience," CIRANO Working Papers 2015s-13, CIRANO.
  • Handle: RePEc:cir:cirwor:2015s-13
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    File URL: https://cirano.qc.ca/files/publications/2015s-13.pdf
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    Cited by:

    1. Berg, Peter B. & Hamman, Mary K. & Piszczek, Matthew & Ruhm, Christopher J., 2015. "Can Policy Facilitate Partial Retirement? Evidence from Germany," IZA Discussion Papers 9266, Institute of Labor Economics (IZA).

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