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https://hdl.handle.net/20.500.11851/11609
Title: | Early retirement incentives and transition into informality | Authors: | Asik, G.A. | Keywords: | Informality Labor Markets Pension reforms Retirement |
Publisher: | Elsevier B.V. | Abstract: | This paper explores the impact of a super early retirement incentive that allowed men to retire as early as 44 years old in Turkey in 1992. Relying on a Fuzzy Regression Discontinuity Design, I find that taking up the incentives significantly reduced the labor force participation of middle-aged men in Turkey. Analysis by education categories suggests that the incentives had an impact on both the skilled and unskilled labor force. I find that the policy-induced take-up of pension benefit receipt significantly increased the probability of moving into informal employment contracts. Findings suggest that the probability of informal wage employment increased for low-skilled individuals while the probability of informal self-employment probability increased for high-skilled individuals. Among low-skilled workers, the incentives seem to have relaxed credit constraints. © 2024 Elsevier B.V. | URI: | https://doi.org/10.1016/j.labeco.2024.102561 https://hdl.handle.net/20.500.11851/11609 |
ISSN: | 0927-5371 |
Appears in Collections: | Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection |
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