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Early Retirement in Italy: Recent Trends
Author(s) -
Inglese Luca
Publication year - 2003
Publication title -
labour
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.403
H-Index - 34
eISSN - 1467-9914
pISSN - 1121-7081
DOI - 10.1111/1467-9914.17.specialissue.7
Subject(s) - seniority , incentive , civil servants , work (physics) , pension , economics , demographic economics , retirement age , labour economics , statistical evidence , econometrics , political science , finance , engineering , mechanical engineering , politics , law , microeconomics , null hypothesis
. The analysis presented provides new statistical information on pensioners receiving seniority retirement benefits and highlights the positive effects of specific factors on their pension income. The statistical estimates suggest that work incentives are weak and steady job exits before the normal retirement age continue, especially for civil servants. In particular, since seniority benefits are based on a long contribution history, their corresponding level of pension income is high. This is not true for pensioners receiving old age benefits because of their incomplete work history.