Study Montizaan (2010): study NL 2008
- Public
- Male public sector workers, close to pre-retirement, age, facing change in pension rights, Netherlands, 2008-2009
- Survey name
- Unnamed study
- Sample
- Respondents
- N = 5195
- Non Response
- Assessment
-
Questionnaire: Conputer Assisted Web Interview (CAWI)
received a survey link by email
Correlate
- Authors's Label
- Shock in pension rights
- Our Classification
-
-
- Remarks
- Early retirement was made less atractive - earliest age changed from 55 to 62 - average pension reduced from 70% to 60% of earlier income Reform decided in 2006, Happiness assessed in 2008 (T1) and 2009 (T2) when respondents had not yet retired
- Operationalization
- Cut in pre-retirement pension
1: Will be affected by cut (born in 1950)
0: Will not be affected (born in 1949)
Observed Relation with Happiness
T1: 2008 T2: 2009 T2-T1
Will be affected +7.61 +7.77 +.16
Will not be affected +7.71 +7.87 +.16
- difference -0.10(01) -0.10(01) 0
- birth date (closeness to cut off point)
- year (2008 or 2009)
- marital status
- yearly wage (log)
- years contributed to pension
- contractual work hours
- number of doctor visits per year
The financial equivalent of this loss in happiness is about a difference in annual wage of 20.000 Euro
The loss of happiness of affected workers is greater when
- birth day close to cut off point (3 month)
- less similar colleages are affected
(denotes comparison effect; unfair)
b unaffected by
- year: 2009 vs 2008
(which suggest no adaptation)
- expected pension at age 62
(indicated that loss is more in comparison)
- facing same pension cut by wife