Please use this identifier to cite or link to this item: https://hdl.handle.net/10620/17400
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dc.contributor.authorWarren, Den
dc.contributor.authorOguzoglu, Uen
dc.date.accessioned2019-04-13T03:34:55Zen
dc.date.accessioned2011-05-17T03:50:37Zen
dc.date.available2011-05-17T03:50:37Zen
dc.date.issued2007-08en
dc.identifier.isbnISSN 1328-4991 (Print) ISSN 1447-5863 (Online) ISBN 978-0-7340-356-0en
dc.identifier.urihttps://hdl.handle.net/10620/17400en
dc.identifier.urihttp://hdl.handle.net/10620/3345en
dc.description.abstractIn Australia, labour force participation among older people, particularly men over the age of 55, has been declining over the last 30 years. Previous research has found that in many OECD countries, the retirement income system actually provides incentives for older workers to retire early rather than remain in the work force. We use data from the first five waves of the Household, Income and Labour Dynamics in Australia (HILDA) survey to identify any financial incentives present in the Australian retirement income system. Following Gruber & Wise (2004), we model retirement behaviour where individuals retire in the period that the present value of their lifetime retirement income is maximised. We also utilise an option value model that considers the trade-off between utility drawn from leisure and utility drawn from labour income. Our findings suggest that for men the Australian retirement system provides incentives to retire early, while for women financial incentives are less significant, as the factors that influence women’s retirement behaviour are more commonly found to be family related, rather than financial incentives.en
dc.subject.classificationEmploymenten
dc.subject.classificationEmployment -- Labour force participationen
dc.titleRetirement in Australia: A Closer Look at the Financial Incentivesen
dc.typeReports and technical papersen
dc.identifier.urlhttp://www.melbourneinstitute.com/hildaen
dc.identifier.surveyHILDAen
dc.description.institutionMelbourne Institute of Applied Economic and Social Research Working Paper Seriesen
dc.title.reportMelbourne Institute of Applied Economic and Social Research Working Paper Seriesen
dc.identifier.rishttp://flosse.dss.gov.au//ris.php?id=3606en
dc.description.pages37en
local.identifier.id3606en
dc.identifier.edition24-Julen
dc.identifier.edition24/07en
dc.subject.dssLabour marketen
dc.subject.flosseEmployment and unemploymenten
dc.relation.surveyHILDAen
dc.old.surveyvalueHILDAen
item.openairetypeReports and technical papers-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.cerifentitytypePublications-
item.fulltextNo Fulltext-
item.grantfulltextnone-
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