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Financial Incentives in the Austrian PAYG-Pension System: Micro-Estimation

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dc.contributor.author Raab, Roman en
dc.date.accessioned 2010-05-05T16:47:09Z en
dc.date.available 2010-05-05T16:47:09Z en
dc.date.issued 2009 en
dc.identifier.citation Raab, R. (2009) "Financial Incentives in the Austrian PAYG-Pension System: Micro-Estimation" (Working Paper No. 0144).Department of Economics, National University of Ireland, Galway. en
dc.identifier.uri http://hdl.handle.net/10379/939 en
dc.description.abstract The scope of this paper is to investigate the impact of financial incentives on the retirement decision of private sector workers in Austria. How do financial incentives embedded in the Austrian pension system impact individual retirement behavior? We are using a unique dataset of individual social insurance spells. Micro-estimating the impact of financial incentives on the probability of retirement shows that the behavioral response to financial incentives in Austria is relatively large in international comparison. Also, there are striking behavioral differences between men and women. Using the estimates to simulate the response to reform shows that actual retirement ages could be most successfully brought up by a 6 percentage point deduction in pension benefits per year of early retirement. en
dc.format application/pdf en
dc.language.iso en en
dc.publisher National University of Ireland, Galway en
dc.relation.ispartofseries working papers;0144 en
dc.subject Models with panel data en
dc.subject Discrete regression and qualitative choice models 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 Financial Incentives in the Austrian PAYG-Pension System: Micro-Estimation en
dc.type Working Paper en
dc.description.peer-reviewed peer-reviewed en

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