Search results for "SOCIAL-SECURITY"

Joint retirement behaviour and pension reform in the Netherlands

2022

We examine the effects of a major pension reform in 2015 on the joint retirement decisions of working couples in the Netherlands. The reform abolished the partner allowance, a state pension supplement for a nonworking partner below the state pension age. At the same time, actuarially generous early retirement arrangements were made less attractive. Using rich administrative data, we estimate a multivariate mixed proportional hazards model that distinguishes between several sources of joint retirement: financial incentives, other causal mecha-nisms that make retirement of one spouse more likely when the other spouse retires (e.g., due to complemen-tarities in leisure or social norms) and cor…