Social Insurance and Retirement: A Cross-Country Perspective

Arbeitspapier

We study the role of old-age pensions, disability insurance and healthcare in accounting for the differing labor supply patterns of older individuals across countries. We develop a life cycle model of labor supply and health with heterogeneous agents. In our framework, people choose when to stop working and when/if to apply for disability and pension benefits. We find that the incentives faced by older workers differ hugely across countries. In fact, based solely on differences in social insurance programs, the model predicts even more cross-country variation in the employment rates of people aged 55-69 than we observe in the data.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: LIS Working Paper Series ; No. 673

Classification and Topics

• Classification: Wirtschaft ; Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity ; Time Allocation and Labor Supply ; Retirement; Retirement Policies
• Subject: Life cycle ; Retirement ; Disability insurance ; Health

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Laun, Tobias ; Wallenius, Johanna
• Event: Veröffentlichung
• (who): Luxembourg Income Study (LIS)
• (where): Luxembourg
• (when): 2016

Further information

• Handle: http://hdl.handle.net/10419/169233
• Last update: 10.03.2025, 11:44 AM CET