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| Author: | Bingley, P. Lanot, G. |
| Title: | Employer pay policies, public transfers and the retirement decisions of men and women in Denmark |
| Journal: | European Economic Review
2004 : FEB, VOL. 48:1, p. 181-200 |
| Index terms: | Retirement Pensions Employees Pay Policy Gender Denmark Nordic countries Scandinavia Models |
| Language: | eng |
| Abstract: | The empirical retirement literature measures individual responses to variations in income flows due to public transfers, private individual or employer-provided pensions. This study estimates a model accounting for the incentive effects from these sources. A dynamic structural model is extended to allow both individual and employer heterogeneity. This is applied to a Danish matched panel of workers and establishments, spanning a period of reforms to a public early retirement programme. Employer-specific compensation is found to be an important determinant of work and retirement income flows. Employer effects on retirement age are only found among sub-samples where access to public transfers is limited. |
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