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Retirement Age across Countries: The Role of Occupations

Philip Ulrich Sauré and Hosny Zoabi ()
Authors registered in the RePEc Author Service: Philip Ulrich Sauré ()

No 2012-06, Working Papers from Swiss National Bank

Abstract: Cross-country variation in average retirement age is usually attributed to institutional differences that affect individuals' incentives to retire. We suggest a different approach. Since workers in different occupations naturally retire at different ages, the composition of occupations within an economy matters for its average retirement age. Using U.S. data we infer the average retirement age by occupation, which we then use to predict the retirement age of 38 countries according to the occupational composition of these countries. Our findings suggest that the differences in occupational composition explain up to 39.2% of the observed cross-country variation in retirement age.

Keywords: Retirement Age; Occupational Distribution; Cross-Country Analysis (search for similar items in EconPapers)
JEL-codes: J14 J24 J26 J82 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-age, nep-dem, nep-lab and nep-lma
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
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