How Sensitive Are Retirement Decisions to Financial Incentives? A Stated Preference Analysis
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11410%2F14%3A10196604" target="_blank" >RIV/00216208:11410/14:10196604 - isvavai.cz</a>
Result on the web
<a href="http://onlinelibrary.wiley.com/doi/10.1002/jae.2313/abstract" target="_blank" >http://onlinelibrary.wiley.com/doi/10.1002/jae.2313/abstract</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1002/jae.2313" target="_blank" >10.1002/jae.2313</a>
Alternative languages
Result language
angličtina
Original language name
How Sensitive Are Retirement Decisions to Financial Incentives? A Stated Preference Analysis
Original language description
We study the effects of financial incentives on retirement decisions using stated preference data. Dutch survey respondents were given hypothetical retirement scenarios describing age(s) of (partial and full) retirement and replacement rate(s). A stylized model is estimated in which utility is the discounted sum of within-period utilities that depend on employment status and income. Parameters of the utility function vary with observed and unobserved characteristics. Simulations show that the income andsubstitution effects of pensions as a function of the retirement age are substantial and larger than according to studies using data on actual retirement decisions in the Netherlands.
Czech name
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Czech description
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Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
BB - Applied statistics, operational research
OECD FORD branch
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Result continuities
Project
<a href="/en/project/GBP402%2F12%2FG130" target="_blank" >GBP402/12/G130: The relationships between skills, schooling and labor market outcomes: A longitudinal study</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Journal of Applied Econometrics
ISSN
0883-7252
e-ISSN
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Volume of the periodical
29
Issue of the periodical within the volume
2
Country of publishing house
GB - UNITED KINGDOM
Number of pages
19
Pages from-to
246-264
UT code for WoS article
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EID of the result in the Scopus database
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