Yliopiston etusivulle Suomeksi På svenska In English Helsingin yliopisto

Race for Retirement

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dc.contributor Helsingin yliopisto, Yleisen valtio-opin laitos fi
dc.contributor University of Helsinki, Department of Political Science en
dc.contributor Helsingfors universitet, Allmän statslära, Institutionen för sv
dc.contributor.author Hakola, Tuulia
dc.date.accessioned 2009-09-08T09:32:11Z
dc.date.available 2009-09-08T09:32:11Z
dc.date.issued 1999-08-01 en
dc.identifier.uri http://hdl.handle.net/10138/10789
dc.description Endast avhandlingens sammandrag. Pappersexemplaret av hela avhandlingen finns för läsesalsbruk i Statsvetenskapliga biblioteket (Unionsgatan 35). Dessa avhandlingar fjärrutlånas endast som microfiche. sv
dc.description Abstract only. The paper copy of the whole thesis is available for reading room use at the Library of Social Sciences (Unioninkatu 35) . Microfiche copies of these theses are available for interlibrary loans. en
dc.description Vain tiivistelmä. Opinnäytteiden sidotut arkistokappaleet ovat luettavissa HY:n keskustakampuksen valtiotieteiden kirjastossa (Unioninkatu 35). Opinnäytteitä lainataan ainoastaan mikrokortteina kirjaston kaukopalvelun välityksellä fi
dc.description.abstract The pension system forms a highly significant part of the whole social welfare system. The impact of the pension system is not limited to the financial aspects, but, for example, labour markets, savings, capital accumulation and income distribution can be affected. This study considers the effects of the pension system on the labour supply of the elderly. As the Finnish pension system is mainly a Pay-As-You-Go system, the concurrent change in the demographic structure, compounded by increased early retirements, is likely to yield strong pressures on the financing of the current pension system. The study evaluates early withdrawals by the elderly from the labour force. It assesses the significance of the implicit economic incentives, provided by the pension system, to retire early. The incentives are measured by an option value to retirement. Transition probabilities are considered in a random effects probit model, using the data from the Employment Registry of the Statistics Finland. The empirical results provide evidence that economic incentives matter also to the Finnish labour force. The results reveal that if an individual gains financially by postponing his retirement, he is more likely to do so. Simulations show that two of the implemented and contemplated policy reforms have a desired impact on the retirement probabilities. en
dc.language.iso en en
dc.subject random effects probit - modeling - retirement en
dc.title Race for Retirement en
dc.identifier.laitoskoodi 711 en
dc.type.ontasot Licentiate thesis en
dc.type.ontasot Lisensiaatintyö fi
dc.type.ontasot Licentiatsavhandling sv

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