Does A Heavy Occupations Pension Program Make People Retire Early?

  • Albert Rutten Albert Rutten

In this paper I look whether a voluntary heavy occupations pension program make people in
those occupations retire earlier. In order to do so, I exploit the Austrian pension system, which
implemented an early retirement program for heavy occupations in 2007. Using different waves
of Share data, I use a difference-in-difference approach as well as a logistic regression to answer
the above question. My main findings are that the introduction of a heavy labor pension did not
lead to a significant decrease in the retirement age for workers in heavy occupations. I do find
that own ill health is one of the main indicators for workers to retire early. Potential explanations
for not finding a decrease in the retirement age are already existing partial retirement programs
(social support substitution) – which workers in heavy occupation jobs may as well use – or a
lack of knowledge about the program.

Netspar, Network for Studies on Pensions, Aging and Retirement, is een denktank en kennisnetwerk. Netspar is gericht op een goed geïnformeerd pensioendebat.


Missie en strategie           •           Netwerk           •           Organisatie           •          Podcasts
Board Brief            •            Werkprogramma 2023-2027           •           Onderzoeksagenda


Onze partners

B20211216_shell download
B20200924_Ortec Finance logo 250px_banner_small
Bekijk al onze partners