We present quasi-experimental evidence on the employment effects of an unprecedented large increase in the early … retirement age (ERA). Raising the ERA has the potential to extend contribution periods and to reduce the number of pension … beneficiaries at the same time, if employment exits are successfully delayed. However, workers may not be able to work longer or may …

market than unemployment or social welfare beneficiaries. Our findings support higher retirement age-the age when workers …

unemployment rate, their participation and employment rates are very low: 34% and 32%, respectively. We analyse whether this is due …

a long contribution history to retire without deductions before reaching the regular retirement age. Following the 2014 … responses to becoming eligible for the early retirement scheme. Our results indicate that the probability of retiring … retiring at the same age with deductions. Second, we employ a coarsened exact matching procedure to compare retirement entry …