2016
DOI: 10.1016/j.labeco.2016.09.005
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Signals matter? Large retirement responses to limited financial incentives

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Cited by 84 publications
(126 citation statements)
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References 27 publications
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“…Since 2010, the state pension age for women has risen above 60 (see Cribb et al 2016), but we keep the upper age bound fixed so as to limit compositional changes in the sample over time The lower age bound is 16, or 20 if in full-time education and living at home. Of course participation in higher education has increased over the period, which does induce some compositional changes in the workforce over time for the youngest adults.…”
Section: The Labour Market and Household Earningsmentioning
confidence: 99%
“…Since 2010, the state pension age for women has risen above 60 (see Cribb et al 2016), but we keep the upper age bound fixed so as to limit compositional changes in the sample over time The lower age bound is 16, or 20 if in full-time education and living at home. Of course participation in higher education has increased over the period, which does induce some compositional changes in the workforce over time for the youngest adults.…”
Section: The Labour Market and Household Earningsmentioning
confidence: 99%
“…This section provides some key details of these benefits and the relevant reforms; for a more detailed discussion, see Banks, Blundell, Bozio, and Emmerson (2012). 3 These benefits are intended for those whose health means that they are not (currently) able to carry out paid work. While individuals do need to have made a contribution to disability insurance through a payroll tax in order to be eligible for benefits, the link from the amount paid to the disability benefits received is 3 Other substantial reforms to disability benefits in the United Kingdom include: the introduction of Invalidity Benefit in 1971; the introduction of statutory sick pay in 1983; a tightening of the contribution requirements, an intended tightening of the health test (and renaming it the "Personal Capability Assessment," PCA), and means-testing receipt of contributory Incapacity Benefit against an individual's private pension income in 2000; and the time-limiting of receipt of contributory Employment and Support Allowance for those in the work-related activities group to one year in 2012.…”
Section: The Uk Disability Reformsmentioning
confidence: 99%
“…This increases the age at which women can (and in the vast majority of cases do) receive a state pension although it does not, at least overall, lead to an obvious change in financial incentives to be in paid work because there is no requirement to retire in order to claim a state pension and no ability to draw a state pension before the state pension age. Exploiting the fact that the state pension age has been increased gradually -and therefore in any time period there is variation in the state pension age between women born not that far apart -Cribb, Emmerson and Tetlow (2016) find that increasing this age led to a 6.3 percentage point increase in the rate of employment between the old and new state pension age. Descriptive evidence on this -using the same data as utilised by Cribb et al -is presented in Figure 3.3 which shows the employment rate by single year of age among women aged 56 to 63 over time.…”
Section: Trends In Employment: a Birth Cohort Analysismentioning
confidence: 95%
“…The state pension ages of men and women are then due to be increased together, so that they reach age 66 in October 2020. Cribb, Emmerson and Tetlow (2016) showed that the rise in the female state pension age from 60 to 62, which occurred between April 2010 and April 2014, boosted employment rates among women aged 60 and 61 by 6.3 percentage points. Some descriptive evidence of this is provided in Section 3 below.…”
Section: State Pensionsmentioning
confidence: 99%