Publication

Ageing and unused capacity in Europe: is there an early retirement trap?

Angelini, V., Brugiavini, A. & Weber, G., Jul-2009, In : Economic Policy. 24, 59, p. 463-508 46 p.

Research output: Contribution to journalArticleAcademicpeer-review

APA

Angelini, V., Brugiavini, A., & Weber, G. (2009). Ageing and unused capacity in Europe: is there an early retirement trap? Economic Policy, 24(59), 463-508. https://doi.org/10.1111/j.1468-0327.2009.00227.x

Author

Angelini, Viola ; Brugiavini, Agar ; Weber, Guglielmo. / Ageing and unused capacity in Europe : is there an early retirement trap?. In: Economic Policy. 2009 ; Vol. 24, No. 59. pp. 463-508.

Harvard

Angelini, V, Brugiavini, A & Weber, G 2009, 'Ageing and unused capacity in Europe: is there an early retirement trap?', Economic Policy, vol. 24, no. 59, pp. 463-508. https://doi.org/10.1111/j.1468-0327.2009.00227.x

Standard

Ageing and unused capacity in Europe : is there an early retirement trap? / Angelini, Viola; Brugiavini, Agar; Weber, Guglielmo.

In: Economic Policy, Vol. 24, No. 59, 07.2009, p. 463-508.

Research output: Contribution to journalArticleAcademicpeer-review

Vancouver

Angelini V, Brugiavini A, Weber G. Ageing and unused capacity in Europe: is there an early retirement trap? Economic Policy. 2009 Jul;24(59):463-508. https://doi.org/10.1111/j.1468-0327.2009.00227.x


BibTeX

@article{3e41437258044f89b1e7d3896d2d76d1,
title = "Ageing and unused capacity in Europe: is there an early retirement trap?",
abstract = "We address the issue of how early retirement may interact with limited use of financial markets in producing financial hardship later in life, when some risks (such as long-term care) are not insured. We argue that the presence of financially attractive early retirement schemes in a world of imperfect financial and insurance markets can lead to an 'early retirement trap'. Indeed, Europe witnesses many (early) retired individuals in financial distress. In our analysis we use data on 10 European countries, which differ in their pension and welfare systems, in prevailing retirement age and in households' access to financial markets. We find evidence that an early retirement trap exists, particularly in some Southern and Central European countries: people who retired early in life are more likely to be in financial hardship in the long run. Our analysis implies that governments should stop making early retirement attractive, let retirees go back to work, improve access to financial markets and make sure long-term care problems are adequately insured.- Viola Angelini, Agar Brugiavini and Guglielmo Weber.",
keywords = "OLDER WORKERS, CONSUMPTION, COMPUTER",
author = "Viola Angelini and Agar Brugiavini and Guglielmo Weber",
year = "2009",
month = "7",
doi = "10.1111/j.1468-0327.2009.00227.x",
language = "English",
volume = "24",
pages = "463--508",
journal = "Economic Policy",
issn = "0266-4658",
publisher = "Oxford University Press",
number = "59",

}

RIS

TY - JOUR

T1 - Ageing and unused capacity in Europe

T2 - is there an early retirement trap?

AU - Angelini, Viola

AU - Brugiavini, Agar

AU - Weber, Guglielmo

PY - 2009/7

Y1 - 2009/7

N2 - We address the issue of how early retirement may interact with limited use of financial markets in producing financial hardship later in life, when some risks (such as long-term care) are not insured. We argue that the presence of financially attractive early retirement schemes in a world of imperfect financial and insurance markets can lead to an 'early retirement trap'. Indeed, Europe witnesses many (early) retired individuals in financial distress. In our analysis we use data on 10 European countries, which differ in their pension and welfare systems, in prevailing retirement age and in households' access to financial markets. We find evidence that an early retirement trap exists, particularly in some Southern and Central European countries: people who retired early in life are more likely to be in financial hardship in the long run. Our analysis implies that governments should stop making early retirement attractive, let retirees go back to work, improve access to financial markets and make sure long-term care problems are adequately insured.- Viola Angelini, Agar Brugiavini and Guglielmo Weber.

AB - We address the issue of how early retirement may interact with limited use of financial markets in producing financial hardship later in life, when some risks (such as long-term care) are not insured. We argue that the presence of financially attractive early retirement schemes in a world of imperfect financial and insurance markets can lead to an 'early retirement trap'. Indeed, Europe witnesses many (early) retired individuals in financial distress. In our analysis we use data on 10 European countries, which differ in their pension and welfare systems, in prevailing retirement age and in households' access to financial markets. We find evidence that an early retirement trap exists, particularly in some Southern and Central European countries: people who retired early in life are more likely to be in financial hardship in the long run. Our analysis implies that governments should stop making early retirement attractive, let retirees go back to work, improve access to financial markets and make sure long-term care problems are adequately insured.- Viola Angelini, Agar Brugiavini and Guglielmo Weber.

KW - OLDER WORKERS

KW - CONSUMPTION

KW - COMPUTER

U2 - 10.1111/j.1468-0327.2009.00227.x

DO - 10.1111/j.1468-0327.2009.00227.x

M3 - Article

VL - 24

SP - 463

EP - 508

JO - Economic Policy

JF - Economic Policy

SN - 0266-4658

IS - 59

ER -

ID: 38046356