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Dynamic models of labour force retirement: an empirical analysis of early exit in
the Netherlands
Heyma, A.O.J.
Publication date
2001
Link to publication
Citation for published version (APA):
Heyma, A. O. J. (2001). Dynamic models of labour force retirement: an empirical analysis of
early exit in the Netherlands. Universiteit van Amsterdam.
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Thee labour force participation of elderly people in the Netherlands is extremelyy low. In addition, the share of elderly people in the population willl increase substantially in coming decades. This leads to two major concerns:: the availability of sufficient and qualified labour, and the affordabilityy of (social) benefit programmes. This study provides insights inn the determinants of elderly labour force participation and factors that influencee early retirement decisions. It contains an empirical analysis of wages,, benefits and pensions, health conditions and retirement decisions off elderly individuals. The analysis of retirement decisions is performed byy means of dynamic programming models for the simultaneous choice off retirement age and retirement route (early retirement, disability and unemployment),, which include the structure of Social Insurance and privatee pension schemes, eligibility conditions for early retirement, life cyclee wage and health profiles, and layoff probabilities. Special attention iss given to (behavioural) factors that can be influenced by policy, and the effectivenesss of a number of policy measures.
Arjann Heyma (1968) studied econometrics and philosophy at the
Universityy of Amsterdam. At the same time he was research assistant att the Economic and Social Institute of the Free University in Amsterdam. Afterr his graduation in 1993 he started economic Ph.D. research on individuall retirement decisions at the Centre for Economic Research on Retirementt and Ageing at Leiden University. Between 1998 and 2001 he wass researcher and project manager for the TNO Institute for Traffic andd Transport, Logistics and Spatial Development. He currently works ass project manager for the economics of ageing research programme of Amsterdamm Economics (SEO) at the University of Amsterdam.
