Occupations Shape Retirement Across Countries

Sauré, Philip, Arthur Seibold, Elizaveta Smorodenkova and Hosny Zoabi
Authors registered in the RePEc Author Service: Philip Ulrich Sauré

No 18161, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: We study how occupations shape individual and aggregate retirement behavior. First, we document large differences in individual retirement ages across occupations in U.S. data. We then show that retirement behavior among European workers is strongly correlated with U.S. occupational retirement ages, indicating an inherent association between occupations and retirement that is present across institutional settings. Finally, we find that occupational composition is highly predictive of aggregate retirement behavior across 45 countries. Our findings suggest that events affecting occupational structure, such as skill-biased technological change or international trade, have consequences for aggregate retirement behavior and social security systems.

JEL-codes: E24 H55 J14 J24 J26 J82 (search for similar items in EconPapers)
Date: 2023-05
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Working Paper: Occupations Shape Retirement across Countries (2023)
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