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Trends in Employment and Social Security Incentives in the Spanish Pension System: 1980-2016

Pilar Garcia-Gomez, Silvia Garcia-Mandicó, Sergi Jimenez-Martin and Judit Vall Castello

No 25367, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: In this paper, we analyze the association between financial incentives and retirement decisions using aggregate data for over four decades in Spain. We calculate an implicit tax rate on remaining in employment for an additional year and examine its correlation with employment rates for older workers. The results suggest that financial incentives play a role in explaining the retirement patterns of both employed and unemployed workers.

JEL-codes: H55 J26 (search for similar items in EconPapers)
Date: 2018-12
New Economics Papers: this item is included in nep-age and nep-lma
Note: AG LS
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Chapter: Trends in Employment and Social Security Incentives in the Spanish Pension System, 1980–2016 (2018) Downloads
Working Paper: Trends in Employment and Social Security Incentives in the Spanish Pension System: 1980-2016 (2018) Downloads
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