Does Raising the Early Retirement Age Increase Employment of Older Workers?

  title={Does Raising the Early Retirement Age Increase Employment of Older Workers?},
  author={Stefan Staubli and Josef Zweim{\"u}ller},
  journal={Journal of public economics},
Two pension reforms in Austria increased the early retirement age (ERA) from 60 to 62 for men and from 55 to 58.25 for women. We find that raising the ERA increased employment by 9.75 percentage points among affected men and by 11 percentage points among affected women. The reforms had large spillover effects on the unemployment insurance program but negligible effects on disability insurance claims. Specifically, unemployment increased by 12.5 percentage points among men and by 11.8 percentage… CONTINUE READING
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