
Contents
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8.1 Introduction 8.1 Introduction
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8.2 Institutional Background 8.2 Institutional Background
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8.2.1 Other Public Programs 8.2.1 Other Public Programs
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8.2.2 Private Transfers 8.2.2 Private Transfers
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8.3 Research Background 8.3 Research Background
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8.4 Data Overview 8.4 Data Overview
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8.5 Earnings Histories and Projections 8.5 Earnings Histories and Projections
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8.6 Construction of Incentive Measures 8.6 Construction of Incentive Measures
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8.7 Estimation Results for the Common Mode 8.7 Estimation Results for the Common Mode
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8.8 Simulations 8.8 Simulations
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8.8.1 A Three-Year Increment in Eligibility Ages 8.8.1 A Three-Year Increment in Eligibility Ages
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8.8.2 The Common Reform 8.8.2 The Common Reform
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8.8.3 Simulation Results 8.8.3 Simulation Results
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8.9 Conclusion 8.9 Conclusion
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References References
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8 Incentives and Exit Routes to Retirement in the Netherlands
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Published:March 2004
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Abstract
This chapter uses micro-data from the years 1984 to 1995 to assess the extent to which financial incentives can be seen to determine the retirement decision. In doing so, it can also simulate the effects of possible reforms on participation rates. The results indicate strong and statistically significant incentive effects for males. For females, the estimated effects are smaller and much less significant. The chapter is organized as follows. Section 8.2 sketches the institutional framework within which people retire in the Netherlands. Sections 8.3 and 8.4 describe the data and its application in the analysis. Section 8.5 provides a brief summary of research on retirement in the Netherlands. Section 8.6 is devoted to the construction of incentive measures that are used in the estimation of the retirement equations. Section 8.7 presents the estimation results for the common model, and Section 8.8 gives results of some policy simulations based on the estimated common model. Section 8.9 concludes.
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