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Research ArticleArticles

Closing Routes to Retirement for Women

How Do They Respond?

Johannes Geyer and Clara Welteke
Journal of Human Resources, January 2021, 56 (1) 311-341; DOI: https://doi.org/10.3368/jhr.56.1.0717-8947R2
Johannes Geyer
Senior research associate at DIW Berlin, Mohrenstr. 58, 10117 Berlin, Germany.
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  • For correspondence: [email protected]
Clara Welteke
Senior research associate at DIW Berlin, Mohrenstr. 58, 10117 Berlin, Germany.
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Abstract

We study the employment effects of a large increase in the early retirement age (ERA) of women. Raising the ERA has the potential to extend contribution periods and to reduce the number of pensioners at the same time. However, workers may not be able to work longer or may choose other social support programs as exit routes from employment. Results suggest that the reform increases employment, unemployment, and inactivity rates of women aged 60 and older. However, this is mainly because women remain longer in their respective labor market status, rather than active substitution from employment into unemployment or inactivity.

JEL Classification:
  • J14
  • J18
  • J22
  • J26
  • Received July 2017.
  • Accepted March 2019.
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Journal of Human Resources: 56 (1)
Journal of Human Resources
Vol. 56, Issue 1
Winter 2021
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Closing Routes to Retirement for Women
Johannes Geyer, Clara Welteke
Journal of Human Resources Jan 2021, 56 (1) 311-341; DOI: 10.3368/jhr.56.1.0717-8947R2

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Closing Routes to Retirement for Women
Johannes Geyer, Clara Welteke
Journal of Human Resources Jan 2021, 56 (1) 311-341; DOI: 10.3368/jhr.56.1.0717-8947R2
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    • Abstract
    • I. Introduction
    • II. Previous Literature
    • III. Institutional Background
    • IV. Data
    • V. Empirical Strategy
    • VI. Results
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Keywords

  • J14
  • J18
  • J22
  • J26
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