IDEAS home Printed from https://ideas.repec.org/p/oec/ecoaaa/207-en.html
   My bibliography  Save this paper

Microeconometric Analysis of the Retirement Decision: The Netherlands

Author

Listed:
  • Maarten Lindeboom

Abstract

It has been suggested that much of the dramatic decline in the participation rate of Dutch elderly has been caused by features of the Dutch retirement income support system. The Dutch system consists of several alternative schemes that can be used to retire early and these schemes are characterised by relatively weak eligibility conditions and generous replacement rates. This report assesses empirically the impact of the incentives embedded in these schemes on the retirement behaviour of older workers using micro data. The econometric model is estimated on a rich panel survey, specifically designed for ageing research. The results indicate strong incentive effects from Early Retirement schemes on the probability to retire. We also find that Disability Insurance replacement rates have a negative effect on the transition rate to Early Retirement. Early retirement replacement rates also affect the transition rates of the other exit routes. This indicates that income streams of ... Il a été suggéré que la baisse spectaculaire du taux de participation des personnes âgées aux Pays-Bas s'expliquait essentiellement par des particularités du système de retraites néerlandais. Celui-ci offre une gamme d'options alternatives qui pourraient être utilisées pour prendre une retraite anticipée et qui sont caractèrisées par des conditions d'éligibilité relativement faibles et des taux de remplacement généreux. Ce rapport évalue de manière empirique l'ampleur des effets incitatifs des institutions néerlandaises sur le comportement vis-à-vis de la retraite en utilisant un modèle micro-économique. Ce modèle est estimé à partir d'une enquête de panel étoffée, spécialement conçue pour la recherche sur le vieillissement. Les résultats indiquent que les systèmes de retraite anticipés ont de forts effets incitatifs sur la probabilité de prendre sa retraite. Nous constatons également que les taux de remplacement de la pension d'invalidité ont un effet négatif sur le taux de ...

Suggested Citation

  • Maarten Lindeboom, 1998. "Microeconometric Analysis of the Retirement Decision: The Netherlands," OECD Economics Department Working Papers 207, OECD Publishing.
    • Handle: RePEc:oec:ecoaaa:207-en
    DOI: 10.1787/144160752566
    as

    Download full text from publisher

    File URL: https://doi.org/10.1787/144160752566
    Download Restriction: no
    File URL: https://libkey.io/10.1787/144160752566?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Brown, Alessio J.G. & Fraikin, Anne-Lore, 2022. "The old-age pension household replacement rate in Belgium," The Journal of the Economics of Ageing, Elsevier, vol. 23(C).
    2. repec:jns:jbstat:v:227:y:2007:i:1:p:65-86 is not listed on IDEAS
    3. Marjan, MAES, 2008. "Does the dismantlement of early retirement schemes increase unemployment in Belgium ?," Discussion Papers (ECON - Département des Sciences Economiques) 2008041, Université catholique de Louvain, Département des Sciences Economiques.
    4. Mauro Mastrogiacomo & Nicole Bosch, 2006. "Income incentives to labour participation and home production; the contribution of the tax credits in the Netherlands," CPB Discussion Paper 59, CPB Netherlands Bureau for Economic Policy Analysis.
    5. Annemiek Vuren & Daniel Vuuren, 2007. "Financial Incentives in Disability Insurance in the Netherlands," De Economist, Springer, vol. 155(1), pages 73-98, March.
    6. Kyyrä, Tomi & Wilke, Ralf A., 2006. "Reduction in the Long-Term Unemployment of the Elderly: A Success Story from Finland Revised," Discussion Papers 396, VATT Institute for Economic Research.
    7. Rob Euwals & Daniel Vuuren & Ronald Wolthoff, 2010. "Early Retirement Behaviour in the Netherlands: Evidence From a Policy Reform," De Economist, Springer, vol. 158(3), pages 209-236, September.
    8. Shuolin Shi & Ralf A. Wilke, 2022. "Variable selection with group structure: exiting employment at retirement age—a competing risks quantile regression analysis," Empirical Economics, Springer, vol. 62(1), pages 119-155, January.
    9. Sašo Polanec & Aleš Ahčan & Miroslav Verbič, 2013. "Retirement decisions in transition: microeconometric evidence from Slovenia," Post-Communist Economies, Taylor & Francis Journals, vol. 25(1), pages 99-118, March.
    10. Maes, Marjan, 2008. "Poverty persistence among Belgian elderly: true or spurious?," ISER Working Paper Series 2008-24, Institute for Social and Economic Research.
    11. Müller Eva & Wilke Ralf A. & Zahn Philipp, 2007. "Beschäftigung und Arbeitslosigkeit älterer Arbeitnehmer / Employment and Unemployment of the Elderly: Eine mikroökonometrische Evaluation der Arbeitslosengeldreform von 1997 / A Microeconometric Evalu," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 227(1), pages 65-86, February.
    12. Marjan, MAES, 2008. "Poverty persistence among Belgian elderly in the transition from work to retirement : an empirical analysis," Discussion Papers (ECON - Département des Sciences Economiques) 2008042, Université catholique de Louvain, Département des Sciences Economiques.
    13. Annemiek Vuren & Daniel Vuuren, 2007. "Financial Incentives in Disability Insurance in the Netherlands," De Economist, Springer, vol. 155(1), pages 73-98, March.
    14. Jan H.M. Nelissen, 2002. "Early Retirement: The Impact of Changes in the Benefit Level," Tinbergen Institute Discussion Papers 02-031/3, Tinbergen Institute.
    15. Mauro Mastrogiacomo & Rob Alessie & Maarten Lindeboom, 2004. "Retirement behaviour of Dutch elderly households," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 19(6), pages 777-793.
    16. Marjan, MAES, 2008. "Financial and redistributive impact of reforming the old-age pension system in Belgium," Discussion Papers (ECON - Département des Sciences Economiques) 2008040, Université catholique de Louvain, Département des Sciences Economiques.
    17. Hakola, Tuulia & Uusitalo, Roope, 2001. "Let's Make a Deal - the Impact of Social Security Provisions and Firm Liabilities on Early Retirement," Discussion Papers 260, VATT Institute for Economic Research.
    18. Mauro Mastrogiacomo & Nicole Bosch, 2006. "Income incentives to labour participation and home production; the contribution of the tax credits in the Netherlands," CPB Discussion Paper 59.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
    19. Bloemen, Hans, 2006. "The Impact of Wealth on Job Exit Rates of Elderly Workers," IZA Discussion Papers 2247, Institute of Labor Economics (IZA).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oec:ecoaaa:207-en. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/edoecfr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.