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来源类型Working Paper
规范类型报告
DOI10.3386/w17320
来源IDWorking Paper 17320
Nonparametric Evidence on the Effects of Financial Incentives on Retirement Decisions
Dayanand S. Manoli; Andrea Weber
发表日期2011-08-18
出版年2011
语种英语
摘要This paper presents new empirical evidence on the effects of retirement benefits on labor force participation decisions. We use administrative data on the census of private sector employees in Austria and variation from mandated discontinuous changes in retirement benefits from the Austrian pension system. We present graphical evidence documenting labor supply responses to the policy discontinuities. Next, we develop nonparametric procedures to estimate labor supply elasticities based on the graphical evidence and mandated financial incentives. We estimate elasticities of 0.12 for men and 0.38 for women. These relatively low elasticities highlight that many retirement decisions are likely to be affected by factors beyond only financial incentives from retirement benefits.
主题Public Economics ; National Fiscal Issues ; Labor Economics ; Labor Supply and Demand
URLhttps://www.nber.org/papers/w17320
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/574994
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Dayanand S. Manoli,Andrea Weber. Nonparametric Evidence on the Effects of Financial Incentives on Retirement Decisions. 2011.
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