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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18822| Title: | Why forcing people to save for retirement may backfire |
| Keywords: | H31 D91 J26 ddc:330 occupational pension retirement decision duration models Altersgrenze Alterssicherung Sparen Pensionsfonds Arbeitsangebot Schätzung Schweiz |
| Issue Date: | 16-Oct-2013 |
| Publisher: | |
| Description: | If individuals are unable or unwilling to borrow, a higher than desired second pillar pension capital may induce people to retire earlier than they would have in the absence of such a scheme. Individuals thus leave the workforce as soon as the retirement income is deemed sufficient and the pension plan avails withdrawal of benefits. We provide evidence using individual data from a selection of Swiss pension funds, allowing us to perfectly control for pension scheme details. Our findings suggest that affordability is a key determinant in the retirement decisions. The higher the accumulated pension capital, the earlier individuals tend to leave the workforce. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/18822 |
| Other Identifiers: | http://hdl.handle.net/10419/18822 ppn:485192721 |
| Appears in Collections: | EconStor |
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