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Gradual Retirement in the Netherlands: An Analysis Using Administrative Data
Hans Bloemen1, Stefan Hochguertel2, Jochem Zweerink3
1Tinbergen Institute, VU University Amsterdam, Amsterdam, The Netherlands IZA, Bonn, Germany.
Research on Aging
|May 13, 2015
Summary
Gradual retirement allows older workers to transition from full-time careers to partial employment. This study examines gradual retirement trends and influencing factors in the Netherlands using detailed administrative data.
Area of Science:
- Labor Economics
- Sociology of Aging
- Retirement Studies
Background:
- Gradual retirement is a significant labor market phenomenon in the United States.
- Understanding gradual retirement is crucial for aging populations and workforce planning.
Purpose of the Study:
- To analyze the current state of gradual retirement in the Netherlands.
- To identify factors influencing gradual retirement pathways among older workers.
Main Methods:
- Utilized administrative data for precise tracking of labor market transitions.
- Estimated multinomial transition models to analyze pathways out of career employment.
- Considered competing risks and institutional factors affecting retirement decisions.
Main Results:
- Detailed administrative data provide superior tracking of labor market transitions compared to survey data.
- Identified various pathways individuals take when transitioning out of career employment.
- Financial incentives for early retirement were found to limit the scope of gradual retirement.
Conclusions:
- Gradual retirement is a complex process influenced by individual choices and institutional structures.
- The Dutch context presents specific institutional factors, like early retirement incentives, that shape gradual retirement patterns.
- Further research can inform policies to support flexible retirement transitions.
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