The Effect of Retaining Bonuses on Delaying Early Retirement – Financial Incentives Revisited
DOI:
https://doi.org/10.18291/njwls.v8i1.104848Keywords:
Employment, wages, unemployment & rehabilitation, Work/life balance, Gender, ethnicity, age & diversity, Organization & managementAbstract
In this paper, we analyze the effect of the retaining bonus on early retirement behavior using a unique dataset consisting of a Norwegian employer survey from 2010 combined with register data on all older employees in the period 2000–2010. The retaining bonus is one of the most common retention measures offered by Norwegian companies to prevent their older workers from retiring early. The most common arrangement is a lump sum of between 10,000 and 25,000 Norwegian Kroner (between 1100 and 2600 Euros), which was less than the mean monthly pay before tax in Norway in 2010. In spite of this modest sum, our analysis shows that retaining bonuses of 20,000 NOK or more do reduce the probability of 61-year-olds retiring in the next two years of employmentAuthor Biographies
Åsmund Hermansen, OsloMet - Oslo Metropolitan University
Associate professor, PhD. E-mail: asmund.hermansen@hioa.no
Tove Midtsundstad, Fafo, Institute for Labour and Social Research
Researcher Professor, PhD
Downloads
Published
How to Cite
Issue
Section
License
The Copyright Holder of this Journal is the authors and the Journal. Normally the journal use the CC-BY NC-ND 4.0 licence.
Exceptions to the license terms may be granted
If you want to use content in the Journal in another way then described by this license, you must contact the licensor and ask for permission. Contact Bo Carstens at bo.carstens@gmail.com. Exceptions are always given for specific purposes and specific content only.
Sherpa/Romeo
The Journal is listed as a blue journal in Sherpa/Romeo, meaning that the author can archive post-print ((ie final draft post-refereeing) and author can archive publisher's version/PDF.
Copyright of others
Authors are responsible for obtaining permission from copyright holders for reproducing any illustrations, tables, figures or lengthy quotations previously published elsewhere.
Archives policy
All published material is archived at Roskilde University Library, Denmark, and transmitted to the Danish Royal Library in conformity with the Danish rules of legal deposit.
Plagiarism screening
We do not screen articles for plagiarism. It is the responsibility of the authors to make sure they do not plagiate.
