Incentives, Health, and Retirement: Evidence from a Finnish Pension Reform
Ollonqvist, Joonas; Kotakorpi, Kaisa; Laaksonen, Mikko; Martikainen, Pekka; Pirttilä, Jukka; Tarkiainen, Lasse (2023-05-23)
Ollonqvist, Joonas
Kotakorpi, Kaisa
Laaksonen, Mikko
Martikainen, Pekka
Pirttilä, Jukka
Tarkiainen, Lasse
Tampereen yliopisto
23.05.2023
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi-fe202401041457
https://urn.fi/URN:NBN:fi-fe202401041457
Kuvaus
nonPeerReviewed
Tiivistelmä
We analyse the effects of changes in retirement incentives on retirement behaviour, utilising a Finnish pension reform implemented in 2005. The reform generated financial incentives to postpone retirement for some groups of individuals. Using detailed administrative data on individual health, we focus on whether individual reactions to incentives vary according to health status, and analyse whether individuals with poor health are also able to take advantage of the potential monetary benefits associated with the reform. We find that many types of individuals react to retirement incentives, and the reaction does not vary according to health status in a systematic way. Hence there does not seem to be a trade-off between providing incentives to postpone retirement and equal treatment of individuals with different health status.
Tutkimusteema
Social security, taxation and inequality
JEL
H55, J26
Avainsanat
Pension reform, retirement incentives, health
Kokoelmat
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