000			01290nam a22001457a 4500
999			_c525320 _d525320
008			240222b ||||| |||| 00| 0 eng d
100			_aBi, Huixin and Zubairy, Sarah _950060
245			_aPublic pension reforms and retirement decisions: Narrative evidence and aggregate implications
260			_aAmerican Economic Journal: Economic Policy
300			_a15(4), Nov, 2023: p.142-182
520			_aWe construct a database of public pension policy changes with motivation and implementation information for ten OECD countries. Structural pension reforms, motivated by long-run sustainability concerns, often come with prolonged phase-in periods. In response to pension retrenchments implemented immediately, people close to retirement stay in the workforce longer. News about future pension retrenchments with implementation lags, however, is likely to lead this group to exit the labor market. This decline in the labor force participation rate is particularly strong for reforms with long lags, ones that introduce fundamental policy changes, and ones where citizens have lower trust in the government. – Reproduced https://www.aeaweb.org/articles?id=10.1257/pol.20200881
773			_aAmerican Economic Journal: Economic Policy
906			_aPENSION REFORMS
942			_cAR