Barrett, Alan and Mosca, Irene (2013) Increasing the State Pension Age, the Recession and Expected Retirement Ages. The Economic and Social Review, 44 (4). pp. 447-472. ISSN 0012-9984
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Abstract
In March 2010, the Irish government announced that the age at which the state pension
is paid would be raised to 66 in 2014, 67 in 2021 and 68 in 2028. One typical objective of such
policy reforms is to provide an incentive for later retirement. The question we address in this
paper is whether the expected retirement ages of Irish individuals aged 50 to 64 changed as a
result of the policy announcement. The data we use are from the Irish Longitudinal Study on
Ageing (TILDA). Our findings show that there was no noticeable break in expected retirement
ages before and after 3 March, 2010 (the day on which the policy announcement was made). Also
during 2010, the economic news became increasingly bad as the full scale of the fiscal and banking
crises in Ireland emerged. The data suggest that there was a reduction in the proportion of people
planning to retire at age 65 after 30 September, 2010, the day that the full scale of the banking
crisis emerged.
Item Type: | Article |
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Keywords: | Impact; Economics; Expectations; Sociology; |
Academic Unit: | Faculty of Social Sciences > Economics, Finance and Accounting |
Item ID: | 11386 |
Depositing User: | Irene Mosca |
Date Deposited: | 21 Oct 2019 15:38 |
Journal or Publication Title: | The Economic and Social Review |
Publisher: | Tara |
Refereed: | Yes |
Related URLs: | |
URI: | https://mural.maynoothuniversity.ie/id/eprint/11386 |
Use Licence: | This item is available under a Creative Commons Attribution Non Commercial Share Alike Licence (CC BY-NC-SA). Details of this licence are available here |
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