Please use this identifier to cite or link to this item: 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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