Publication type
Research Paper
Series Number
99-12
Series
Working Papers of the ESRC Research Centre on Micro-Social Change
Author
Publication date
June 1, 1999
Abstract:
This study gives an overview of the pathways from work to retirement in Britain and Germany. Although the institutional incentives differ considerably, both countries face a trend towards early retirement. In Germany, this development was mostly attributed to the favourable conditions in the social security system. In the UK, the increasing coverage of occupational and private pensions seems to be responsible for the low labour force participation of older persons. For the duration analysis, a distinction is made between various exit paths from work. The results indicate that the social security or occupational pension schemes have a strong impact on the age a person leaves the labour force for retirement. Pension incentives can less explain the moves into other states of non-employment.
Subject
Link
- http://www.iser.essex.ac.uk/pubs/workpaps/pdf/1999-12
Notes
working paper
#501965