Here we are again, just a few hours from our first successful WISE meeting to invite you to another interesting presentation!
This time the speaker will be Elisabetta Trevisan PhD, another recent graduate from our Doctoral school, who will present Early Retirement and Financial Incentives: differences between high and low wage earners, joint work with Rob Euwals.
This paper investigates the impact of financial incentives on early retirement behaviour for high and low wage earners. Using a stylized life-cycle model we derive hypotheses on the behaviour of the two types. We use administrative data and we employ two identification strategies to test the predictions. First, we exploit exogenous variation in social security wealth over birth cohorts to investigate the effect of financial incentives on the early retirement of individuals who are eligible to the old generous early retirement scheme. Second, we employ a regression discontinuity design by comparing individuals who are eligible and
noneligible to the old generous scheme on the basis of their birth cohort. The empirical results show that low wage earners are indeed as predicted more sensitive to financial incentives.
Please remember that WISE went green, thus, we ask you to register to the meetings you wish to attend in order to prepare the correct amount of food and avoid waste!
Looking forward to seeing you at WISE!
-the WISE staff