Average retirement age with (’93-’01) and without (’06-’16) generous early retirement schemes
| . | Pre-reform (1993–2001) . | Post-reform (2006–16) . | Difference (years) . |
|---|---|---|---|
| a. Data | |||
| Average pension agea,b | 61.2 | 63.8 | 2.6 |
| (60.97–61.41) | (63.49–64.03) | (2.23–2.92) | |
| N | 756 | 467 | 1223 |
| b. Simulations | |||
| Life tables | 60.7 | 65.9 | 5.2 |
| Average subj. exp. | 60.9 | 65.1 | 4.2 |
| Heterogeneous exp. | 61.0 | 63.7 | 2.7 |
| . | Pre-reform (1993–2001) . | Post-reform (2006–16) . | Difference (years) . |
|---|---|---|---|
| a. Data | |||
| Average pension agea,b | 61.2 | 63.8 | 2.6 |
| (60.97–61.41) | (63.49–64.03) | (2.23–2.92) | |
| N | 756 | 467 | 1223 |
| b. Simulations | |||
| Life tables | 60.7 | 65.9 | 5.2 |
| Average subj. exp. | 60.9 | 65.1 | 4.2 |
| Heterogeneous exp. | 61.0 | 63.7 | 2.7 |
Notes:aAge of retirement combines information from three sources: (1) actual retirement age reported by retirees; (2) observed retirement age if respondent retires while in the sample; (3) expected retirement age if neither reported nor observed retirement age is available. bRetirement ages below 50 or above 70 are set to missing; less than 1% of observations are dropped this way. 95% confidence intervals based on robust standard errors in parentheses.
Average retirement age with (’93-’01) and without (’06-’16) generous early retirement schemes
| . | Pre-reform (1993–2001) . | Post-reform (2006–16) . | Difference (years) . |
|---|---|---|---|
| a. Data | |||
| Average pension agea,b | 61.2 | 63.8 | 2.6 |
| (60.97–61.41) | (63.49–64.03) | (2.23–2.92) | |
| N | 756 | 467 | 1223 |
| b. Simulations | |||
| Life tables | 60.7 | 65.9 | 5.2 |
| Average subj. exp. | 60.9 | 65.1 | 4.2 |
| Heterogeneous exp. | 61.0 | 63.7 | 2.7 |
| . | Pre-reform (1993–2001) . | Post-reform (2006–16) . | Difference (years) . |
|---|---|---|---|
| a. Data | |||
| Average pension agea,b | 61.2 | 63.8 | 2.6 |
| (60.97–61.41) | (63.49–64.03) | (2.23–2.92) | |
| N | 756 | 467 | 1223 |
| b. Simulations | |||
| Life tables | 60.7 | 65.9 | 5.2 |
| Average subj. exp. | 60.9 | 65.1 | 4.2 |
| Heterogeneous exp. | 61.0 | 63.7 | 2.7 |
Notes:aAge of retirement combines information from three sources: (1) actual retirement age reported by retirees; (2) observed retirement age if respondent retires while in the sample; (3) expected retirement age if neither reported nor observed retirement age is available. bRetirement ages below 50 or above 70 are set to missing; less than 1% of observations are dropped this way. 95% confidence intervals based on robust standard errors in parentheses.
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