 Retirement, Early Retirement and Disability: Explaining Labor Force Participation after Fifty-Five in FranceLuc Behaghel, Didier Blanchet and Muriel Roger Post-Print from HAL Abstract: We analyze the influence of health and financial incentives on the retirement behavior of older workers in France, building upon the Stock and Wise (1990) option value approach. The model accounts for three main retirement routes: normal retirement, disability insurance (DI), and unemployment/preretirement pathways, and is estimated with a combination of microeconomic datasets that include the French data of the European SHARE survey. The estimates confirm that a decrease in the generosity of the pension and DI schemes induces people to stay longer in the labor market, and that people with better health tend to retire later. We present extreme situations simulating what an individual's retirement behavior would have been if only one retirement route had existed and in the absence of constraints on work capabilities. We show that average years of work between 55 and 64 are nearly 14% greater when regular retirement incentives are applied to the whole population than when it is DI rules that are systematically applied. Keywords: Disability; Retirement (search for similar items in EconPapers) Published in David Wise. Social Security Programs and Retirement Around the World: Disability Insurance Programs and Retirement, 2014, ⟨10.7208/chicago/9780226262604.003.0006⟩ There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01504268 DOI: 10.7208/chicago/9780226262604.003.0006 Access Statistics for this paper More papers in Post-Print from HAL |
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