CLS Working Papers, Centre for Labour Market and Social Research, Aarhus School of Business, University of Aarhus
Paul Bingley, Nabanita Datta Gubta
The Effects of Pension Programme Incentives on Retirement Behavior in Denmark
() and Peder J. Pedersen
Abstract: The effects of pension programme incentives on retirement
in Denmark are analysed in an option value framework. Using eligibility
criteria and detailed entitlement rules for the five main publicly funded
retirement programmes, we calculate social security wealth, one year
pension accrual and forward-looking incentive measures. Estimation results
from an option value analysis are used to simulate the expected outcome
from a set of strategic reforms of retirement policy.
Keywords: Retirement; Public pension programmes; Option value analysis; Pension reform; (follow links to similar papers)
JEL-Codes: H55; J26; (follow links to similar papers)
36 pages, March 1, 2001
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