Policy Variation, Labor Supply Elasticities, and a Structural Model of Retirement

Dayanand Manoli, Kathleen Mullen and Mathis Wagner ()

No 8659, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: This paper exploits a combination of policy variation from multiple pension reforms in Austria and administrative data from the Austrian Social Security Database. Using the policy changes for identification, we estimate social security wealth and accrual elasticities in individuals' retirement decisions. Next, we use these elasticities to estimate a dynamic programming model of retirement decisions. Finally, we use the estimated model to examine the labor supply and welfare consequences of potential social security reforms.

Keywords: labor supply elasticities; retirement; policy variation (search for similar items in EconPapers)
JEL-codes: H55 J26 (search for similar items in EconPapers)
Pages: 48 pages
Date: 2014-11
New Economics Papers: this item is included in nep-age, nep-dge and nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Published - published in: Economic Inquiry, 2015, 53 (4), 1702-1717

Downloads: (external link)
https://docs.iza.org/dp8659.pdf (application/pdf)

Related works:
Journal Article: POLICY VARIATION, LABOR SUPPLY ELASTICITIES, AND A STRUCTURAL MODEL OF RETIREMENT (2015)
Working Paper: Policy Variation, Labor Supply Elasticities, and a Structural Model of Retirement (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:iza:izadps:dp8659

Ordering information: This working paper can be ordered from
IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany

Access Statistics for this paper

More papers in IZA Discussion Papers from Institute of Labor Economics (IZA) IZA, P.O. Box 7240, D-53072 Bonn, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Holger Hinte ().