The Impact of Incentives on Retirement in Denmark

Paul Bingley, Nabanita Datta Gupta and Peder J. Pedersen

in Social Security Programs and Retirement around the World

Published by University of Chicago Press

Published in print March 2004 | ISBN: 9780226310183
Published online February 2013 | e-ISBN: 9780226309989 | DOI:
The Impact of Incentives on Retirement in Denmark

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This chapter, which models the impact of retirement incentives on micro-data using a 2 percent sample of the Danish population, is organized as follows. Section 3.2 gives an introduction to the policy environment—both the current, as well as the recent, ongoing state policy reforms. It also introduces some quantitative aspects of the retirement landscape in Denmark. Section 3.3 describes the contents and structure of the micro-data analyzed. Section 3.4 provides the earnings histories and projections needed as inputs in the micro-analyses. Section 3.5 describes the construction of the social security incentive measures and some of the complications met in this area. Section 3.6 presents the results from a large number of estimations of the impact of incentive measures described in Section 3.5 on retirement behavior. In Section 3.7, the estimation results are used to simulate the expected outcome in the Danish context from a common set of strategic reforms of retirement policy. Section 3.8 concludes the chapter.

Keywords: retirement incentives; retirement policy; micro-data; social security; retirement behavior

Chapter.  16698 words.  Illustrated.

Subjects: International Economics

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