Data and Code for: Increasing the Retirement Age: Policy Effects and Underlying Mechanisms

We study the effects of increasing the statutory retirement age (SRA) in the Netherlands, using RDD and administrative data on the universe of the population. We find clear and large employment effects of the reform. A simple model in which individuals stay longer in their pre-SRA labor market state predicts the treatment effects well. The employment level before the SRA and the retirement hazard at the SRA are the key determinants of the effects of the policy change. Exploring potential explanations for the high hazard rate observed in the Netherlands, our results point to an important role of employers' effects. <br><br>

本研究采用断点回归设计（Regression Discontinuity Design，RDD）与覆盖荷兰全体人口的行政数据，探讨提高该国法定退休年龄（Statutory Retirement Age，SRA）所产生的影响。研究发现，此次改革对就业产生了显著且规模可观的影响。一个假设个体在法定退休年龄前始终维持原有劳动力市场状态的简单模型，能够较好地拟合该政策的处理效应。法定退休年龄前的就业水平与达到法定退休年龄时的退休风险率，是决定该政策调整效应的核心因素。针对荷兰境内观测到的高退休风险率，本研究探索了其潜在成因，结果表明雇主效应发挥了重要作用。