El-Hamidi, Fatma
(2007)
Early Retirement in the Government Sector in Egypt: Preferences, Determinants and Policy Implications.
In: EFR.
(Unpublished)
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Abstract
The objective of this study is to look at factors affecting the decision of early retirement for Egyptian government sector employees. The empirical analysis is based on a 2005 nationally representative sample of 3437 government sector workers, ranging in age between 50 and 57 years. The study’s main findings are: the age of 55 is shown to be the age of choice for early retirement for both men and women; women are more likely to retire earlier than men; good health status is associated with longer stay in the job; women are more educated than men; the level of education is not a determining factor for women, but it is for men; men without a university degree are more likely to retire earlier than others with a university degree; men plan to work after their early retirement; the presence of the working wife has a positive effect on her husband’s decision to retire early, yet a working husband discourages his wife to retire early. Meanwhile, the policy implications discussed are: timing of the announcement of the plans; the question of voluntary vs. compulsory early retirement plans; the potential outcome of excessive payoffs and curtailing adverse selection by targeting redundant employees and preserving the most productive; and the need for the government to provide early retirees with the necessary skills and training to face their post retirement years.
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