It requires that the outcome variable would have followed the same trend in Quebec and the rest of Canada in the absence of the reforms. [...] First, the slope of the direct impact of the assignment variable—date of birth—on the outcome shows no discontinuity in the neighborhood of the kinks. [...] The RKD estimate for a one-year increase in the EEA is slightly 8Appendix Figures (a) and (b) plot the claiming age distribution locally around the kinks in ROC, documenting sharp changes in the slope of the claiming age at the kink points. [...] The claiming age estimates for the EEA increase reach a maximum at the actual kink, and the claiming age estimates for the EEA decrease are close to a maximum. [...] We estimate the impacts for three age intervals: the short-run between the new and the old EEA (age 60 to 64), the long run after the old EEA (age 65 to 89), and the overall efect (age 60 to 89).
- Pages
- 45
- Published in
- Canada
Table of Contents
- 2024 04 The Long-Run and Distributional.pdf 1
- CQPPLongRun_Revised.pdf 2
- Introduction 3
- Institutional Background 7
- Public Pensions in Canada 7
- Reduction of Early Eligibility Age 9
- Data and Sample 11
- Empirical Strategy 13
- Results 16
- Effects on Claiming and Retirement Age 16
- Optimal Claiming Age and Complier Analysis 22
- Effects over the Life-cycle and across the Income Distribution 28
- Conclusions 31
- Online Appendix: Additional Figures and Tables 38
