英国财政研究所（IFS）：为什么提高提前退休年龄会影响就业（英文版）

Why do workers delay retirement when their early retirement age (ERA) rises? Understanding this is essential for predicting the effects of ERA increases in different contexts and assessing distributional impacts of such reforms. We study ten years of reforms in the United Kingdom which increased the ERA for women from 60 to 66. The UK is an attractive setting for this question because there is no financial incentive to retire at the ERA. Credit constraints are found to be important: credit co