Microeconometric Analysis of the Retirement Decision [E-Book]: Italy / Raffaele Miniaci
This paper exploits an Italian microeconomic data set to study retirement behaviour of women and men using survival analysis techniques. After a brief introduction to the Italian pension system and to the Bank of Italy survey, different specifications of a Cox proportional hazard model are estimated...
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Full text |
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Personal Name(s): | Miniaci, Raffaele. |
Imprint: |
Paris :
OECD Publishing,
1998
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Physical Description: |
34 p. ; 21 x 29.7cm. |
Note: |
englisch |
DOI: |
10.1787/514187844751 |
Series Title: |
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OECD Economics Department Working Papers ;
205 |
Keywords: |
Economics Italy |
This paper exploits an Italian microeconomic data set to study retirement behaviour of women and men using survival analysis techniques. After a brief introduction to the Italian pension system and to the Bank of Italy survey, different specifications of a Cox proportional hazard model are estimated. These show clearly that younger generations retire earlier, more educated and self-employed workers retire later, and women tend to postpone exit from the labour force beyond the standard entitlement age. The timing of retirement is inelastic to replacement rates: a 20% reduction of the replacement rate would cause a delay of 2-6 months ... |