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

Dayanand Manoli, Kathleen Mullen and Mathis Wagner

No WR-1068, Working Papers from RAND Corporation

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: policy variation; retirement; labor supply elasticities (search for similar items in EconPapers)
JEL-codes: H55 J26 (search for similar items in EconPapers)
Pages: 47
Date: 2014-12
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Citations: View citations in EconPapers (4)

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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)
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