RT Journal Article
SR Electronic
T1 The Effects of Increasing the Eligibility Age for Public Pension on Individual Labor Supply: Evidence from Japan
JF Journal of Human Resources
JO J Hum Resour
FD University of Wisconsin Press
SP 0421-11627R1
DO 10.3368/jhr.0421-11627R1
A1 Nakazawa, Nobuhiko
YR 2022
UL http://jhr.uwpress.org/content/early/2022/06/01/jhr.0421-11627R1.abstract
AB This paper investigates the effects of increasing the eligibility age for public pension on workers’ retirement decisions, focusing on recent Japanese public pension reforms. In Japan, the pensionable age for Employees’ Pension Insurance benefits gradually increased from 60 to 65 years for males over the course of a decade. Using large individual-level data and a regression discontinuity design, I find that raising the pensionable age for flat-rate benefits by one year increases male employment at the critical ages by about 7-8 percentage points. Individual labor supply at the critical ages are heterogeneous across degrees of closeness to the implementation date.