Preferences for Early Retirement Among Older Government Employees in Egypt

Economics Bulletin, Vol. 29, No. 2, pp. 567-578, 2009

Posted: 2 May 2011

See all articles by Fatma El Hamidi

Fatma El Hamidi

University of Pittsburgh - Department of Economics & GSPIA; ERF

Cem Baslevent

Istanbul Bilgi University - Department of Economics

Date Written: April, 22 2011

Abstract

The purpose of this study is to examine the factors affecting the early retirement preferences of Egyptian government sector employees. In line with the existing literature, we consider the possibility that the early retirement and post-retirement employment decisions are made jointly. We do this by estimating a recursive bivariate probit model in which the endogenous "post-retirement work" variable is among the explanatory variables in the "early retirement" equation. Estimation results based on a 2005 survey reveal that the two decisions are in fact correlated. As expected, people who plan to work after retirement are more likely to choose early retirement.

Keywords: early retirement, post-retirement work, recursive bivariate probit

JEL Classification: C35, J18, J26, J48

Suggested Citation

El Hamidi, Fatma and Baslevent, Cem, Preferences for Early Retirement Among Older Government Employees in Egypt (April, 22 2011). Economics Bulletin, Vol. 29, No. 2, pp. 567-578, 2009, Available at SSRN: https://ssrn.com/abstract=1819338

Fatma El Hamidi (Contact Author)

University of Pittsburgh - Department of Economics & GSPIA ( email )

Pittsburgh, PA 15260-0001
United States

ERF ( email )

21 Al-Sad Al-Aaly St.
(P.O. Box: 12311)
Dokki, Cairo
Egypt

Cem Baslevent

Istanbul Bilgi University - Department of Economics ( email )

Kustepe
Susli
Istanbul, 80310
Turkey

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