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Life expectancies are rapidly increasing and uncertain in all countries in Europe. To keep pension systems affordable, policy reforms are to be implemented which will encourage individuals to work longer. In this paper we analyze the impact of working and living longer on pension incomes in five...
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Using rich Finnish population level registers, we examine the impact of fusing a flexible early retirement pathway with …-related early retirement declined by 1.8 (1.5) percentage points equivalent to a relative drop of approximately 37% (39%) following … stronger behavioural response to the reform. We find tentative evidence of programme substitution to early retirement pathways …
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