Non-financial determinants of the retirement age

C.A.F. Vermeer

Research output: ThesisDoctoral Thesis

432 Downloads (Pure)

Abstract

This dissertation examines the importance of non-financial determinants for the individual retirement age. Recent increases in statutory retirement ages around the world point to the relevance of this issue. Financial incentives alone cannot fully explain observed retirement behavior.

Chapter 2 examines the possible relevance of insights from behavioral economics and social norms for retirement and concludes that defaults, reference points and social norms are likely explanations for observed retirement behavior. Chapter 3 looks more closely at the role of social interactions. The likelihood and the importance of retirement advice play a role in the retirement decision. Respondents also indicate to postpone retirement when their social environment retires later. Chapter 4 focuses on the presence of standard pension ages in pension overviews. Individuals tend to retire later when the standard pension age is higher. Chapter 5 investigates the relevance of demanding occupations for aspects of the retirement scheme. People are of the opinion that individuals with demanding occupations should be able to retire earlier and that they are willing to contribute to the pension scheme to make this possible.
Original languageEnglish
QualificationDoctor of Philosophy
Awarding Institution
  • Tilburg University
Supervisors/Advisors
  • van Soest, Arthur, Promotor
  • van Vuuren, D.J., Promotor, External person
Award date26 Jan 2015
Place of PublicationTilburg
Publisher
Print ISBNs9789056684280
Publication statusPublished - 2015

    Fingerprint

Cite this

Vermeer, C. A. F. (2015). Non-financial determinants of the retirement age. CentER, Center for Economic Research.