dc.contributor.author | Kruse, Herman | |
dc.contributor.author | Myhre, Andreas | |
dc.coverage.spatial | Norway | en_US |
dc.date.accessioned | 2022-08-12T13:02:03Z | |
dc.date.available | 2022-08-12T13:02:03Z | |
dc.date.issued | 2022-08 | |
dc.identifier.issn | 1892-753X | |
dc.identifier.uri | https://hdl.handle.net/11250/3011665 | |
dc.description.abstract | This paper studies the economic effects on re-employment and program substitution behavior among
elderly displaced workers who exogenously lose eligibility for their early retirement option. We use
detailed Norwegian matched employer-employee data containing information on bankruptcy dates
and individual-level wealth, income, pensions and social security benefits. Our empirical strategy
employs a regression discontinuity design, as job displacement before a certain age cut-off results in
the loss of eligibility for early retirement benefits between ages 62–67 years in Norway. We find that
re-employment rates are indistinguishable between workers who just retain eligibility for early
retirement benefits and those who just do not. Meanwhile, those who lose eligibility offset 69% of
their lost benefits through take-up of other social security benefits, where 51 percentage points
comes from disability insurance and 13 percentage points from unemployment insurance. Our
findings are particularly policy relevant as tightening of age-limits for old-age pensions is on the
agenda in several OECD countries, while current economic hardship throughout the region may lead
to increased job displacement for elderly workers. | en_US |
dc.language.iso | eng | en_US |
dc.publisher | Statistisk sentralbyrå | en_US |
dc.relation.ispartofseries | Discussion Paper;No. 985 | |
dc.rights | Navngivelse 4.0 Internasjonal | * |
dc.rights.uri | http://creativecommons.org/licenses/by/4.0/deed.no | * |
dc.subject | Early retirement | en_US |
dc.subject | Job displacement | en_US |
dc.subject | Labor supply | en_US |
dc.subject | Benefit substitution | en_US |
dc.subject | Social security | en_US |
dc.title | Early retirement provision for elderly displaced workers | en_US |
dc.type | Working paper | en_US |
dc.source.pagenumber | 44 | en_US |
dc.relation.project | Norges Forskningsråd: 248868 | en_US |