Publicação
Retirement age: one size does not fit all
| Resumo: | The European population is ageing, challenging the financial and social sustainability of pension systems. By 2050, Portugal will face one of the most alarming scenarios, with an old-age dependency ratio - i.e. the number of individuals aged 65 or older as a share of active age population - above 65%, almost doubling the current 2016 figure. Using a rich micro-level database covering Portugal - the Survey of Health, Ageing and Retirement in Europe (SHARE) - we show that poor health and unemployment are, together with age and the length of the contributory career, key elements to understand early retirement, while late retirement is associated with higher income. These results highlight important individual heterogeneity on pension preferences and therefore may inform the current policy debate on retirement age in Portugal |
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| Autores principais: | Rego, Maria Margarida Pimenta de Castro |
| Assunto: | SHARE Retirement age Pensions |
| Ano: | 2019 |
| País: | Portugal |
| Tipo de documento: | dissertação de mestrado |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Universidade Nova de Lisboa |
| Idioma: | inglês |
| Origem: | Repositório Institucional da UNL |
| Resumo: | The European population is ageing, challenging the financial and social sustainability of pension systems. By 2050, Portugal will face one of the most alarming scenarios, with an old-age dependency ratio - i.e. the number of individuals aged 65 or older as a share of active age population - above 65%, almost doubling the current 2016 figure. Using a rich micro-level database covering Portugal - the Survey of Health, Ageing and Retirement in Europe (SHARE) - we show that poor health and unemployment are, together with age and the length of the contributory career, key elements to understand early retirement, while late retirement is associated with higher income. These results highlight important individual heterogeneity on pension preferences and therefore may inform the current policy debate on retirement age in Portugal |
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