{"title":"Employment Effects of Incentivized Gradual Retirement Plans","authors":"Albert Rutten, Marike Knoef, Daniël van Vuuren","doi":"10.1093/workar/waad026","DOIUrl":null,"url":null,"abstract":"Abstract We investigate the effect of Incentivized Gradual Retirement plans (GRPs) on employment. GRPs encourage later retirement of older workers by offering a reduction in working hours with only a limited decrease in net earnings and pension accrual. A second policy aim is that municipalities use this freed up capacity to hire more young employees. We exploit variation in the availability of GRPs between Dutch municipalities to identify its employment effects. We find that GRPs increase labor supply for older civil servants by almost 7 full-time weeks on a yearly basis. We do not find an increase in the hiring of young workers.","PeriodicalId":46486,"journal":{"name":"Work Aging and Retirement","volume":"26 1","pages":"0"},"PeriodicalIF":2.7000,"publicationDate":"2023-09-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Work Aging and Retirement","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1093/workar/waad026","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"INDUSTRIAL RELATIONS & LABOR","Score":null,"Total":0}
引用次数: 0
Abstract
Abstract We investigate the effect of Incentivized Gradual Retirement plans (GRPs) on employment. GRPs encourage later retirement of older workers by offering a reduction in working hours with only a limited decrease in net earnings and pension accrual. A second policy aim is that municipalities use this freed up capacity to hire more young employees. We exploit variation in the availability of GRPs between Dutch municipalities to identify its employment effects. We find that GRPs increase labor supply for older civil servants by almost 7 full-time weeks on a yearly basis. We do not find an increase in the hiring of young workers.
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