Research Catalog

Title

Microeconometric Analysis of the Retirement Decision [electronic resource]: Germany / Pablo Antolín and Stefano Scarpetta

Author

Antolín, Pablo.

Publication

Paris : OECD Publishing, 1998.

Details

Additional Authors

Scarpetta, Stefano.

Description

38 p.; 21 x 29.7cm.

Summary

This paper analyses the determinants of the retirement decision in Germany using microdata from the German Socio-Economic Panel over the period 1985-1995. Non-parametric and semi-parametric techniques have been used to describe the exit to retirement. Non-parametric estimates suggest that the incentive structure generated by the different social security schemes play a powerful role in the individual retirement decision. The semi-parametric analysis is conducted using a piece-wise constant hazard model with multiple destinations (i.e. disability scheme and old-age pension scheme) and time-varying covariates. Socio-demographic factors have a strong impact on the retirement decision. Moreover, poor health contributes to early withdrawals from the labour market, especially in the case of disability retirement. Financial incentives offered in the pension system are also powerful in shaping the age profile of retirement. In particular, we used the pension wealth and an estimate of the ...

Series Statement

OECD Economics Department Working Papers, 1815-1973 ; no.204

Uniform Title

OECD Economics Department Working Papers, no.204.

Subject

• Economics
• Germany

LCCN

10.1787/572650601656

OCLC

oecd-lib-004577

Author

Antolín, Pablo.

Title

Microeconometric Analysis of the Retirement Decision [electronic resource]: Germany / Pablo Antolín and Stefano Scarpetta

Imprint

Paris : OECD Publishing, 1998.

Series

OECD Economics Department Working Papers, 1815-1973 ; no.204

OECD Economics Department Working Papers, 1815-1973 ; no.204.

Connect to:

http://dx.doi.org/10.1787/572650601656

Indexed Term

Economics

Germany

Added Author

Scarpetta, Stefano.

Other Standard Identifier

10.1787/572650601656 doi