Social Security and Retirement across OECD Countries

Jorge Alonso Ortiz
Authors registered in the RePEc Author Service: Jorge Alonso Ortiz ()

MPRA Paper from University Library of Munich, Germany

Abstract: There are large differences in the employment to population ratio relative to the US across OECD countries, and these differences are even larger for the old age (55-69 years). There are also large differences in various features of social security, such as the replacement rate, the entitlement age or whether it is allowed to collect social security and working. These observations suggest that they might be an important factor. I assess quantitatively this hypothesis using a life cycle general equilibrium model of retirement. I find that the differences in social security can indeed account for the differences in employment to population ratio at old age in the OECD. I also evaluate which features of social security are most important in this context and find that generosity and whether it allows collecting social security while working are the most important contributors.

Keywords: Social security; retirement; idiosyncratic labor income risk (search for similar items in EconPapers)
JEL-codes: E24 H53 J14 J26 (search for similar items in EconPapers)
Date: 2009-11-10
New Economics Papers: this item is included in nep-age and nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/18563/1/MPRA_paper_18563.pdf original version (application/pdf)

Related works:
Working Paper: Social security and retirement across OECD countries (2009)
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:pra:mprapa:18563

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().