Incentives and Exit Routes to Retirement in the Netherlands

Klaas de Vos and Arie Kapteyn

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:
Incentives and Exit Routes to Retirement in the Netherlands

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This chapter uses micro-data from the years 1984 to 1995 to assess the extent to which financial incentives can be seen to determine the retirement decision. In doing so, it can also simulate the effects of possible reforms on participation rates. The results indicate strong and statistically significant incentive effects for males. For females, the estimated effects are smaller and much less significant. The chapter is organized as follows. Section 8.2 sketches the institutional framework within which people retire in the Netherlands. Sections 8.3 and 8.4 describe the data and its application in the analysis. Section 8.5 provides a brief summary of research on retirement in the Netherlands. Section 8.6 is devoted to the construction of incentive measures that are used in the estimation of the retirement equations. Section 8.7 presents the estimation results for the common model, and Section 8.8 gives results of some policy simulations based on the estimated common model. Section 8.9 concludes.

Keywords: financial incentives; retirement incentives; retirement behavior

Chapter.  9869 words.  Illustrated.

Subjects: International Economics

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