A0329
Title: Lifetime income inequality: quantile treatment effect of retirement on the distribution of lifetime income
Authors: Malgorzata Karolina Kozlowska - University of Warsaw (Poland) [presenting]
Abstract: Recent reforms in pension systems, enacted in most European countries, aim to extend working lives, shortening years spent in retirement, and consequently reducing the period of withdrawing retirement benefits. As can be motivated from both theoretical and empirical standpoint, these changes are by far going to reshape individual income profiles, and consequently affect inequality in lifetime income. The attempt is to estimate the causal effect of staying longer in the labour force on the distribution of lifetime income and to assess its consequences for overall inequality in lifetime income. Results for cross-national settings are estimated through the local quantile treatment effect estimator by a prior study and are confronted with the instrumental variables quantile regression by another study. Relevant country-specific estimates rely on a previous study's approach. While the results of the cross-national setting clearly suggest a heterogeneous effect across the distribution, negative at the bottom tail, increasing in magnitude across the quantiles, the results of country-specific estimates are less readable.
