Closing Routes to Retirement for Women: How Do They Respond?

We study the employment effects of a large increase in the early retirement age (ERA) of women. Raising the ERA has the potential to extend contribution periods and to reduce the number of pensioners at the same time. However, workers may not be able to work longer or may choose other social support...

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Bibliographic Details
Published in:The Journal of human resources 2021-01, Vol.56 (1), p.311-341
Main Authors: Geyer, Johannes, Welteke, Clara
Format: Article
Language:English
Subjects:
Early retirement
Employment
Labor market
Older women
Retirement
Social support
Unemployment
Women
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Summary:We study the employment effects of a large increase in the early retirement age (ERA) of women. Raising the ERA has the potential to extend contribution periods and to reduce the number of pensioners at the same time. However, workers may not be able to work longer or may choose other social support programs as exit routes from employment. Results suggest that the reform increases employment, unemployment, and inactivity rates of women aged 60 and older. However, this is mainly because women remain longer in their respective labor market status, rather than active substitution from employment into unemployment or inactivity.
ISSN:0022-166X
1548-8004
DOI:10.3368/jhr.56.1.0717-8947R2