Social Insurance and Retirement: A Cross-Country Perspective

Tobias Laun and Johanna Wallenius

No 673, LIS Working papers from LIS Cross-National Data Center in Luxembourg

Abstract: 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.

Keywords: Life cycle; Retirement; Disability insurance; Health (search for similar items in EconPapers)
JEL-codes: E24 J22 J26 (search for similar items in EconPapers)
Pages: 50 pages
Date: 2016-06
New Economics Papers: this item is included in nep-age, nep-ias and nep-pbe
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18)

Published in Review of Economic Dynamics 22, (2016): 72-92

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http://www.lisdatacenter.org/wps/liswps/673.pdf (application/pdf)

Related works:
Journal Article: Social Insurance and Retirement: A Cross-Country Perspective (2016)
Working Paper: Social Insurance and Retirement: A Cross-Country Perspective (2013)
Working Paper: Social Insurance and Retirement: A Cross-Country Perspective (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:lis:liswps:673

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