The importance of informal learning at work
In: IZA world of labor: evidence-based policy making
ISSN: 2054-9571
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In: IZA world of labor: evidence-based policy making
ISSN: 2054-9571
In: International labour review, Volume 136, p. 49-71
ISSN: 0020-7780
In: IZA world of labor: evidence-based policy making
In: The economic journal: the journal of the Royal Economic Society, Volume 122, Issue 560, p. 376-399
ISSN: 1468-0297
In: International journal of human resource management, Volume 20, Issue 9, p. 1914-1928
ISSN: 1466-4399
In: Tijdschrift voor arbeidsvraagstukken, Volume 24, Issue 1
ISSN: 2468-9424
In: Research Policy, Volume 32, Issue 10, p. 1771-1781
In: IZA Discussion Paper No. 5976
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Working paper
In: IZA Discussion Paper No. 7530
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Working paper
In: Economics of education review, Volume 10, Issue 1, p. 57-71
ISSN: 0272-7757
In: Life Course Centre Working Paper No. 2020-07
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Working paper
In: Economics of education review, Volume 57, p. 52-65
ISSN: 0272-7757
In: British Journal of Industrial Relations, Volume 55, Issue 1, p. 58-82
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This paper investigates the causal effects of the announcement of an increase in the statutory pension age on employee retirement expectations. In June 2010, the Dutch government signed a new pension agreement with the employer and employee organizations that entailed an increase in the statutory pension age from 65 currently to 66 in 2020 for all inhabitants born after 1954. Given the expected increase in average life expectancy, it was also decided that in 2025 the pension age would be further increased to 67 for those born after 1959. This new pension agreement received huge media coverage. Using representative matched administrative and survey data of public sector employees, we find that the proposed policy reform increased the expected retirement age by 3.6 months for employees born between 1954 and 1959 and by 10.8 months for those born after 1959. This increase is reflected in a clear shift in the retirement peak from age 65 to ages 66 and 67 for the respective treated cohorts. Men respond less strongly to the policy reform than women, but within couples we find no evidence that the retirement expectations of one spouse are affected by an increase in the statutory pension age of the other. Furthermore, we show that treatment effects are largely driven by highly educated individuals but are lower for employees whose job involves physically demanding tasks or managerial and supervisory tasks.
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