Interested in how labelling can affect individual behaviour? Then have a read of our latest research published in the Journal of Economic Behaviour and Organisation which exploits a reform in Finland which took place in 2004 analysing the 'relabelling' of a disability pension without changing eligibility criteria that lead to a 37% (39%) reduction in applications (successful claims). We find individuals with below tertiary level education and stronger lifetime labour market attachment exhibit a stronger behavioural response to the reform. We also find tentative evidence of individual's bringing forward the age at which they substitute to a competing early retirement pathway designed to keep individuals in the labour market albeit on a part time basis. Our findings highlight the importance of targeted awareness building aimed at particular socioeconomic groups such as those with low levels of education when policymakers seek to consolidate early retirement programmes with differing pre-reform eligibility criteria. Link to the full paper: https://lnkd.in/ex8yf5yU Satu Nivalainen Noora Järnefelt Kuivalainen Susan Eläketurvakeskus – Finnish Centre for Pensions University of Bath #disability #pensions #publicpolicy
Excellent piece that shows the power of behavioral interventions.
Very interesting piece Ricky, nice one 🙌🙌😊😊
Excellent work Ricky
Karen Stewart Riffat Tufail - This looks interesting from Ricky Kanabar (Ricky is a member of our advisory board)