Early Retirement Behaviour of senior workers: A comparative analysis of Germany, Britain and the Netherlands using panel data
نویسنده
چکیده
Job characteristics as well as a country’s institutional setting play an important role with respect to both the age at which older workers exit and the exit pathway used. The main research question of this study is to what extent retirement behaviour is determined by differences in institutions support for early exit and the level and design of social security benefits. This will be analysed using three unique lon-running panel studies, i.e. BHPS for Britain, the GSOEP for Germany and the SEP for the Netherlands. The exit patterns of older workers are examined in these three very different countries in terms of their institutional characteristics over a decade (1990-2000). The empirical model used is a discrete time independent competing risks model. The results show that both early retirement and social security routes are most common in the Netherlands and Germany reflecting the institutional support for these exit pathways. ∗Tilburg Institute for Social and Socio-Economic Research, Tilburg University. PO Box 90153, 5000 LE Tilburg, The Netherlands. Phone: +31 13 466 2112, Fax: +31 13 466 8068, Email: [email protected]. Homepage: http://spitswww.uvt.nl/ tschils. For assistance, comments and helpful discussions I am especially grateful to Ruud Muffels, Didier Fouarge, Wilfred Uunk, Stephen Jenkins as well as to conference and seminar audiences.
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