Early retirement as a privilege for the rich? A comparative analysis of Germany and Switzerland

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Version: Final published version
License: CC BY-NC-ND 4.0
Serval ID
serval:BIB_B708DE1702BF
Type
Article: article from journal or magazin.
Collection
Publications
Institution
Title
Early retirement as a privilege for the rich? A comparative analysis of Germany and Switzerland
Journal
Advances in Life Course Research
Author(s)
Kuhn Ursina, Grabka Markus M., Suter Christian
ISSN
1040-2608
Publication state
Published
Issued date
11/2020
Pages
100392
Language
english
Abstract
This contribution analyses early retirement in Germany and Switzerland with a focus on financial resources. Using data from CH-SILC linked to administrative records and the German SOEP, we distinguish three different financial resources, namely pre-retirement labour income, net worth and pension entitlements. A high labour income reduces the probability for early retirement. In contrast, high pension entitlements are associated with early retirement. Private wealth does also play an important role for early retirement, but differs with regard to the relevance of the asset components between the two countries. Although the pension system moderates the influence of financial resources on retirement behaviour, the direction of the effects is consistent across countries once pension entitlements are accounted for.
Keywords
Early retirement, Pension entitlements, Net worth, Income, SOEP, CH-SILC
Open Access
Yes
Funding(s)
Swiss National Science Foundation
Create date
19/01/2021 17:14
Last modification date
20/01/2021 7:10
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