PT  - JOURNAL ARTICLE
AU  - Nakazawa, Nobuhiko
TI  - The Effects of Increasing the Eligibility Age for Public Pension on Individual Labor Supply
AID  - 10.3368/jhr.0421-11627R1
DP  - 2025 Jan 01
TA  - Journal of Human Resources
PG  - 102--128
VI  - 60
IP  - 1
4099  - http://jhr.uwpress.org/content/60/1/102.short
4100  - http://jhr.uwpress.org/content/60/1/102.full
AB  - This work 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 a large set of 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 seven to eight percentage points. Individual labor supply at the critical ages is heterogeneous across degrees of closeness to the implementation date.