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Increasing the retirement age policy effects and underlying mechanisms Simon Rabaté, Egbert Jongen and Tilbe Atav

By: Rabaté, Simon.
Contributor(s): Jongen, Egbert | Atav, Atab.
Material type: ArticleArticleSubject(s): EDAD DE JUBILACION | INCREMENTO | MERCADO DE TRABAJO | EMPLEO | PAISES BAJOS | ANÁLISIS DE REGRESIÓN In: American Economic Journal : Economic Policy v. 16, n. 1, February 2024, p. 259-291Summary: We study the effects of increasing the statutory retirement age (SRA) in the Netherlands, using regression discontinuity design and administrative data on the universe of the population. We find clear and large employment effects of the reform. A simple model in which individuals stay longer in their pre-SRA labor market state predicts the treatment effects well. The employment level before the SRA and the retirement hazard at the SRA are the key determinants of the effects of the policy change. Exploring potential explanations for the high hazard rate observed in the Netherlands, our results point to an important role for employers' effe
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We study the effects of increasing the statutory retirement age (SRA) in the Netherlands, using regression discontinuity design and administrative data on the universe of the population. We find clear and large employment effects of the reform. A simple model in which individuals stay longer in their pre-SRA labor market state predicts the treatment effects well. The employment level before the SRA and the retirement hazard at the SRA are the key determinants of the effects of the policy change. Exploring potential explanations for the high hazard rate observed in the Netherlands, our results point to an important role for employers' effe

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