an article by Monika Riedel and Helmut Hofer (Institute for Advanced Studies, Vienna) and Birgit Wögerbauer (Institute for Advanced Studies, Vienna, Austria and Vienna University of Economics and Business) published in IZA Journal of European Labor Studies Volume 4 Number 4 (2015)
Abstract
We use the labor force ad hoc module “transition from work into retirement” to analyze the link between individual as well as pension system characteristics and planned retirement age within the European Union.
We find that timing of retirement is correlated between partners who are already at the stage of retirement planning. In richer countries of the EU15, standard retirement age seems to have a larger effect on planned retirement age than in poorer EU15 states or in new EU member states.
The effect of pension wealth is largest in the new EU member states and smallest in rich EU15 countries. Furthermore, industry and occupation effects differ by country type.
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