Authors: Jonathan Gruber (Editor), David A. Wise
ISBN-13: 9780226310183, ISBN-10: 0226310183
Format: Hardcover
Publisher: University of Chicago Press
Date Published: March 2004
Edition: 1
Jonathan Gruber is a professor of economics at the Massachusetts Institute of Technology and director of research for the National Bureau of Economic Research's program on children. David A. Wise is the John F. Stambaugh Professor of Political Economy at the John F. Kennedy School of Government, Harvard University, and director of health and retirement programs at the National Bureau of Economic Research.
Social Security Programs and Retirement around the World represents the second stage of an ongoing research project studying the relationship between social security and labor. In the first volume, Jonathan Gruber and David A. Wise revealed enormous disincentives to continued work at older ages in developed countries. Provisions of many social security programs typically encourage retirement by reducing pay for work, inducing older employees to leave the labor force early and magnifying the financial burden caused by an aging population. At a certain age there is simply no financial benefit to continuing to work.
In this volume, the authors turn to a country-by-country analysis of retirement behavior based on micro-data. The result of research compiled by teams in twelve countries, the volume shows an almost uniform correlation between levels of social security incentives and retirement behavior in each country. The estimates also show that the effect is strikingly uniform in countries with very different cultural histories, labor market institutions, and other social characteristics.
Preface | ||
Introduction and Summary | 1 | |
1 | Micro-Modeling of Retirement in Belgium | 41 |
2 | Income Security Programs and Retirement in Canada | 99 |
3 | The Impact of Incentives on Retirement in Denmark | 153 |
4 | Estimating Models of Retirement Behavior on French Data | 235 |
5 | Micro-Modeling of Retirement Decisions in Germany | 285 |
6 | Micro-Modeling of Retirement Behavior in Italy | 345 |
7 | Social Security and Retirement in Japan: An Evaluation Using Micro-Data | 399 |
8 | Incentives and Exit Routes to Retirement in the Netherlands | 461 |
9 | Micro-Modeling of Retirement Behavior in Spain | 499 |
10 | Income Security Programs and Retirement in Sweden | 579 |
11 | Pension Incentives and the Pattern of Retirement in the United Kingdom | 643 |
12 | The Effect of Social Security on Retirement in the United States | 691 |
Contributors | 731 | |
Author Index | 735 | |
Subject Index | 737 |