Social Security Determinants of the Retirement Age: a Literature Review

Vladimir A. Danielyan ()
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Vladimir A. Danielyan: Central Economics and Mathematics Institute, Russian Academy of Sciences

Finansovyj žhurnal — Financial Journal, 2016, issue 4, 76-87

Abstract: The paper reviews the literature on the retirement age determinants with consideration of a pension system features. The author explores, describes and compares the results of both theoretical and empirical works to reveal some stylized facts of a retired person behavior as well as explanation of those facts presented in the literature. The article highlights a use of implicit tax on continued work in an analysis of the pension reforms. The author also defines that empirical literature suggests little or no effect of elimination of income test on the retirement age. In the end of the article there is a comparison of considered features of Russian pension system with those of pension systems in other countries.

Keywords: retirement age determinants; labor force participation of older workers; social security implicit tax; income test (search for similar items in EconPapers)
JEL-codes: H55 J26 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:160409:p:76-87

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