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dc.contributor.authorRaab, Romanen
dc.identifier.citationRaab, 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.description.abstractThe 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.publisherNational University of Ireland, Galwayen
dc.relation.ispartofseriesworking papers;0144en
dc.subjectModels with panel dataen
dc.subjectDiscrete regression and qualitative choice modelsen
dc.subjectSocial security and public pensionsen
dc.subjectTime allocation and labor supplyen
dc.subjectRetirement policiesen
dc.titleFinancial Incentives in the Austrian PAYG-Pension System: Micro-Estimationen
dc.typeWorking Paperen

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