Trond Vigtel UiO and Ragnar Frisch Centre for Economic Research

ESOP seminar. Trond Vigtel is a PhD student at UiO and Ragnar Frisch Centre. He will present a paper entitled "Flexible Pensions and Labor Force Withdrawal".

Photo of Trond Vigtel

Trond Vigtel


This paper studies the effect on the labor supply decisions of senior workers of reducing the eligibility age of retirement combined with actuarial neutrality, based on one particular group of private sector workers. In the 2011 Norwegian pension reform they had a fixed pension access age of 67 replaced by a flexible access age from 62 with constant present value of benefits. In a non-linear difference-in-difference approach, exploiting the absence of earnings tests, we find no effect on labor force participation. Aggregate earnings fell, mostly driven by high earners reducing their earnings. The increased liquidity seems to facilitate phased retirement.

Read the full paper here [pdf]

Host: Kalle Moene

Published May 8, 2019 11:36 AM - Last modified May 15, 2019 3:52 PM