This paper describes and analyses the pathways to early retirement in Denmark. The analyses are based on a 10 per cent panel sample of the population 45-66 years old followed from 1984 onwards. We use a multinomial logit approach to analyse the characteristics of individuals that retire through...

Cross-country variation in effective retirement age is usually attributed to institutional differences that affect individuals’ incentives to retire. This paper suggests a different approach to explain this variation. Since working individuals in different occupations naturally retire at...

We examine the impact of a Finnish reform in the 1990s that restricted the use of particular early retirement channels, unemployment pension and individual early retirement, and simultaneously changed the rules of firm size related experience rating in disability pensions. Our emphasis is on how...

We study transitions in and out of self-employment of older individuals using internationally comparable survey data from 13 OECD countries. We compute self-employment transitions as conditional probabilities arising from a discrete choice panel data model. We examine the influence on...

This paper sheds new light on the mortality effect of delaying retirement by investigating the impacts of the 1967 Spanish pension reform. This reform exogenously changed the early retirement age, depending on the date individuals started contributing to the Social Security system. Those...

Population ageing calls for an overall rise in the age of retirement. However, most observers agree that the latter should be differentiated to account for individuals’ heterogeneous health when they grow older. This paper explores the relevance of this idea using European SHARE panel data. It...

In this study we gauge the impact of social interactions on individual retirement preferences. A survey including self-assessments and vignette questions shows that individual preferences are affected by preferences and actual retirement behavior of the social environment. Retirement from paid...

Many job-losers suffer large and persistent losses in earnings capacity. For displaced workers who are age-eligible, one reaction to these losses is to begin claiming Social Security retirement benefits. We use administrative earnings records from the Social Security Administration's Continuous...

The few studies that have attempted to identify the causal effects of retirement on mental health and well-being have provided conflicting evidence. Hence, whether retirement affects mental health positively or negatively is still unclear. Our primary objective is to investigate the impact of...