The decline of early retirement pathways in the Netherlands: An empirical analysis for the health care sector
Early retirement schemes and disability insurance in the Netherlands have both been reformed during the past decades. The reforms have increased incentives to continue working and have decreased the substitution between early retirement and disability. This study investigates the impact of the reforms on labour market exit probabilities. We use administrative data for workers in the Dutch health care sector between 1999 and 2006. We estimate a multinomial Logit model for transitions out of the labour force. The empirical results suggest that the reforms have been effective, as the labour market participation rate of the elderly has increased. The concept of substitute pathways into retirement seems less relevant today as the results confirm that disability insurance is closed off as an early retirement exit route.
Year of publication: |
2011
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Authors: | Euwals, Rob ; van Vuren, Annemiek ; van Vuuren, Daniel |
Publisher: |
Bonn : Institute for the Study of Labor (IZA) |
Subject: | early retirement | disability insurance | labour supply |
Saved in:
freely available
Series: | IZA Discussion Papers ; 5810 |
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Type of publication: | Book / Working Paper |
Type of publication (narrower categories): | Working Paper |
Language: | English |
Other identifiers: | 669551643 [GVK] hdl:10419/51993 [Handle] |
Classification: | C35 - Discrete Regression and Qualitative Choice Models ; J26 - Retirement; Retirement Policies |
Source: |
Persistent link: https://www.econbiz.de/10010278698