TY  - RPRT
        AU  - Hernaes, Erik
AU  - Markussen, Simen
AU  - Piggott, John
AU  - Røed, Knut
        TI  - The Impact of Pension Reform on Employment, Retirement and Disability Insurance Claims
        PY  - 2023/Jun/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 16256
        UR  - https://www.iza.org/publications/dp16256
        AB  - We evaluate a comprehensive reform of Norwegian early retirement institutions in 2011 through the lens of a parsimonious random utility choice model. The reform radically changed work incentives and/or pension access-age for some (but not all) workers. We find that improved work incentives caused employment to rise considerably, at the expense of both early retirement and exits through disability insurance. Lower access-age to own pension funds caused a small increase in employment and a large drop in disability program participation. Properly designed pension reforms thus need to take the interplay between old age pension and disability insurance programs into account.
        KW  - program substitution
KW  - disability insurance
KW  - pension reform
        ER  -