“…The vast literature on (early) retirement has already defined several influential factors, economic ones such as labour demand shifts associated with the knowledge economy and increased international competition, institutional ones associated with the extension and generosity of the social protection system, and social ones associated with individual and household demographics, health and working conditions, and policy context (Duval, 2003;Blekesaune & Solem, 2005;Davey, 2008), but so far little attention has been paid to the influence of personal preferences and social norms in society in relations to labour law and social security. This chapter acknowledges the importance of economic incentives to retire and therefore examines the effect of the generosity of old-age pensions (measured through pension replacement rates) on the retirement decision, but also focuses on the influence of social norms regarding the importance of work and leisure time.…”