Increasing the Retirement Age: Policy Effects and Underlying Mechanisms
利用断点回归设计和荷兰全国行政数据，研究提高法定退休年龄对就业的影响，发现就业效应显著，且退休前就业水平和退休时的退休风险是政策效果的关键决定因素。
We study the effects of increasing the statutory retirement age (SRA) in the Netherlands, using regression discontinuity design and administrative data on the universe of the population. We find clear and large employment effects of the reform. A simple model in which individuals stay longer in their pre-SRA labor market state predicts the treatment effects well. The employment level before the SRA and the retirement hazard at the SRA are the key determinants of the effects of the policy change. Exploring potential explanations for the high hazard rate observed in the Netherlands, our results point to an important role for employers’ effects.