The Effects of Financial Incentives on Retirement Decisions: Evidence from a Temporary Tax Rebate to Older Workers in Denmark

Research output: Working paperResearch

Standard

The Effects of Financial Incentives on Retirement Decisions: Evidence from a Temporary Tax Rebate to Older Workers in Denmark. / Søgaard, Jakob Egholt; Anton Schultz, Esben; Schaarup, Jonas Zielke.

2013.

Research output: Working paperResearch

Harvard

Søgaard, JE, Anton Schultz, E & Schaarup, JZ 2013 'The Effects of Financial Incentives on Retirement Decisions: Evidence from a Temporary Tax Rebate to Older Workers in Denmark'.

APA

Søgaard, J. E., Anton Schultz, E., & Schaarup, J. Z. (2013). The Effects of Financial Incentives on Retirement Decisions: Evidence from a Temporary Tax Rebate to Older Workers in Denmark.

Vancouver

Søgaard JE, Anton Schultz E, Schaarup JZ. The Effects of Financial Incentives on Retirement Decisions: Evidence from a Temporary Tax Rebate to Older Workers in Denmark. 2013.

Author

Søgaard, Jakob Egholt ; Anton Schultz, Esben ; Schaarup, Jonas Zielke. / The Effects of Financial Incentives on Retirement Decisions: Evidence from a Temporary Tax Rebate to Older Workers in Denmark. 2013.

Bibtex

@techreport{dbdde46f1a8a49f69e8f4344a57c4f58,
title = "The Effects of Financial Incentives on Retirement Decisions:: Evidence from a Temporary Tax Rebate to Older Workers in Denmark",
abstract = "We exploit a temporary tax rebate introduced in Denmark in 2008 to estimate the effect of financial incentives on retirement decisions. The scheme offered individuals in a limited number of cohorts a tax rebate of up to 100,000 DKK (approximately $20,000) if they stayed on the labor market until age 65, however individuals where only eligible if their prior income had been below 550,000 DKK (approximately the 90th income percentile), and the scheme thus makes it possible to employ a regression discontinuity design. The results from the estimations gives no systematic or significant finding of an effect on retirement behavior and an application of the elasticities found by Manilo and Weber (2011) suggest that the expected effects should be too small to be found statistical significant given our effective sample size. ",
author = "S{\o}gaard, {Jakob Egholt} and {Anton Schultz}, Esben and Schaarup, {Jonas Zielke}",
note = "Available on request",
year = "2013",
language = "English",
type = "WorkingPaper",

}

RIS

TY - UNPB

T1 - The Effects of Financial Incentives on Retirement Decisions:

T2 - Evidence from a Temporary Tax Rebate to Older Workers in Denmark

AU - Søgaard, Jakob Egholt

AU - Anton Schultz, Esben

AU - Schaarup, Jonas Zielke

N1 - Available on request

PY - 2013

Y1 - 2013

N2 - We exploit a temporary tax rebate introduced in Denmark in 2008 to estimate the effect of financial incentives on retirement decisions. The scheme offered individuals in a limited number of cohorts a tax rebate of up to 100,000 DKK (approximately $20,000) if they stayed on the labor market until age 65, however individuals where only eligible if their prior income had been below 550,000 DKK (approximately the 90th income percentile), and the scheme thus makes it possible to employ a regression discontinuity design. The results from the estimations gives no systematic or significant finding of an effect on retirement behavior and an application of the elasticities found by Manilo and Weber (2011) suggest that the expected effects should be too small to be found statistical significant given our effective sample size.

AB - We exploit a temporary tax rebate introduced in Denmark in 2008 to estimate the effect of financial incentives on retirement decisions. The scheme offered individuals in a limited number of cohorts a tax rebate of up to 100,000 DKK (approximately $20,000) if they stayed on the labor market until age 65, however individuals where only eligible if their prior income had been below 550,000 DKK (approximately the 90th income percentile), and the scheme thus makes it possible to employ a regression discontinuity design. The results from the estimations gives no systematic or significant finding of an effect on retirement behavior and an application of the elasticities found by Manilo and Weber (2011) suggest that the expected effects should be too small to be found statistical significant given our effective sample size.

M3 - Working paper

BT - The Effects of Financial Incentives on Retirement Decisions:

ER -

ID: 191663316