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Joint retirement behaviour and pension reform in the Netherlands

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Joint retirement behaviour and pension reform in the Netherlands

dc.contributor.author	García, Amparo Nagore
dc.contributor.author	van Soest, Arthur
dc.date.accessioned	2023-06-14T07:34:36Z
dc.date.available	2023-06-15T04:45:05Z
dc.date.issued	2022	es_ES
dc.identifier.citation	García, A. N.; van Soest, Arthur (2022). Joint retirement behaviour and pension reform in the Netherlands. The Journal of the Economics of Ageing, 23.	es_ES
dc.identifier.uri	https://hdl.handle.net/10550/87898
dc.description.abstract	We examine the effects of a major pension reform in 2015 on the joint retirement decisions of working couples in the Netherlands. The reform abolished the partner allowance, a state pension supplement for a nonworking partner below the state pension age. At the same time, actuarially generous early retirement arrangements were made less attractive. Using rich administrative data, we estimate a multivariate mixed proportional hazards model that distinguishes between several sources of joint retirement: financial incentives, other causal mecha nisms that make retirement of one spouse more likely when the other spouse retires (e.g., due to complemen tarities in leisure or social norms) and correlated preferences (observed and unobserved heterogeneity). We find that, conditional on observed and unobserved characteristics, the reform reduced the tendency to retire jointly and argue that this is not only due to a change in financial incentives but also to a change in the social norm.	es_ES
dc.language.iso	en	es_ES
dc.publisher	Elsevier	es_ES
dc.subject	household labour supply	es_ES
dc.subject	ageing	es_ES
dc.subject	partner allowance	es_ES
dc.subject	early retirement	es_ES
dc.title	Joint retirement behaviour and pension reform in the Netherlands	es_ES
dc.type	journal article	es_ES
dc.subject.unesco	UNESCO::CIENCIAS ECONÓMICAS	es_ES
dc.identifier.doi	10.1016/j.jeoa.2022.100401	es_ES
dc.accrualmethod	S	es_ES
dc.embargo.terms	0 days	es_ES
dc.type.hasVersion	VoR	es_ES
dc.rights.accessRights	open access	es_ES