Andries de Grip|Didier Fouarge|Raymond Montizaan
How Sensitive are Individual Retirement Expectations to Raising the Retirement Age?
Maastricht University|Network for Studies on Pensions, Aging and Retirement|Network for Studies on Pensions, Aging and Retirement|Maastricht University|Maastricht University
paper investigates causal effects announcement increase statutory pension age employee retirement expectations june 2010 dutch government signed new pension agreement employer employee organizations entailed increase statutory pension age 65 currently 66 2020 inhabitants born 1954 given expected increase average life expectancy also decided 2025 pension age would increased 67 born 1959 new pension agreement received huge media coverage using representative matched administrative survey data public sector employees find proposed policy reform increased expected retirement age 36 months employees born 1954 1959 108 months born 1959 increase reflected clear shift retirement peak age 65 ages 66 67 respective treated cohorts men respond less strongly policy reform women within couples find evidence retirement expectations one spouse affected increase statutory pension age furthermore show treatment effects largely driven highly educated individuals lower employees whose job involves physically demanding tasks managerial supervisory tasks