CEU Electronic Theses and Dissertations, 2007
| Author | Miscisin, Ion |
|---|---|
| Title | Retirement in Western Europe: Evidence from Ten European Countries |
| Summary | This work seeks to investigate how various demographic factors, macroeconomic environment and the institutional design of the retirement system influence the probability of the early retirement in ten European countries. An empirical analysis is carried out by estimating the linear probability model for the SHARE 2004 dataset. The results show that females and healthy individuals are less likely to retire before the standard retirement age. It is also demonstrated that the generosity and actuarial neutrality of the social security systems are able to influence the early retirement of the older workers through encouraging those who choose to longer careers by higher amount of old-age pension benefits. Structural break test is also carried out to test whether the effects are different in the Northern, Central, and Southern Europe, and the hypothesis of the parameter vectors equality is rejected. |
| Supervisor | Gabor Kezdi |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2007/c05mii01.pdf |
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