ARAN - Access to Research at NUI Galway

Income Security Programmes and Retirement Behaviour in Ireland

ARAN - Access to Research at NUI Galway

Show simple item record Raab, Roman en Gannon, Brenda en 2010-11-19T12:30:59Z en 2010-11-19T12:30:59Z en 2010 en
dc.identifier.citation Raab R. & Gannon B. (2010) Income Security Programmes and Retirement Behaviour in Ireland (Working Paper No. 0157) Department of Economics, National University of Ireland, Galway. en
dc.identifier.uri en
dc.description.abstract This paper gives a first-time assessment of the interaction between income security programmes (public and private) and the labour force behaviour of older people in Ireland. Workers close to retirement age face a trade-off between earnings from continued work and benefit payments from income security programmes (public and private). Using the methodology portrayed in Gruber and Wise (1999), we simulate the long-term payoffs arising from these programmes, i.e. income security wealth, its accrual, and the tax on work for stylised cases in Ireland. We find that income security programmes in Ireland are an important feature of the opportunity set for older workers planning their retirement. Our results highlight the important variation in the Irish retirement system and hence it is difficult to draw general conclusions. Nonetheless, our results are innovative and an original contribution to pension policy in Ireland. Half the workforce depends on public old-age income provision only and we find that this system embeds important financial signals for early retirement. We find that people depending on public state pension only have incentives to retire, especially for low earners. For people who also have an occupational pension, the incentive to retire early is much stronger. en
dc.format application/pdf en
dc.language.iso en en
dc.publisher National University of Ireland, Galway en
dc.relation.ispartofseries working papers;0157 en
dc.subject Economics en
dc.subject Social security and public pensions en
dc.subject Time allocation and labor supply en
dc.subject Retirement en
dc.subject Retirement policies en
dc.title Income Security Programmes and Retirement Behaviour in Ireland en
dc.type Working Paper en
dc.description.peer-reviewed peer-reviewed en

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