Social Security Programs and Retirement around the World: Micro-Estimation (National Bureau of Economic Research Conference Report)

Social Security Programs and Retirement around the World represents the second stage of an ongoing research project studying the relationship between social security and labor. In the first volume, Jonathan Gruber and David A. Wise revealed enormous disincentives to continued work at older ages in developed countries. Provisions of many social security programs typically encourage retirement by reducing pay for work, inducing older employees to leave the labor force early and magnifying the financial burden caused by an aging population. At a certain age there is simply no financial benefit to continuing to work. In this volume, the authors turn to a country-by-country analysis of retirement behavior based on micro-data. The result of research compiled by teams in twelve countries, the volume shows an almost uniform correlation between levels of social security incentives and retirement behavior in each country. The estimates also show that the effect is strikingly uniform in countries with very different cultural histories, labor market institutions, and other social characteristics. This Book Represents The Second Stage Of An Ongoing Research Project Studying The Relationship Between Social Security And Labour. In This Volume, The Authors Turn To A Country-by-country Analysis Of Retirement Behaviour Based On Micro-data. The Result Of Research Compiled By Teams In Twelve Countries, An Almost Uniform Correlation Between Levels Of Social Security Incentives And Retirement Behaviour In Each Country Is Shown. The Estimates Also Show That The Effect Is Strikingly Uniform In Countries With Very Different Cultural Histories, Labour Market Institutions, And Other Social Characteristics. Introduction And Summary / Jonathan Gruber, David A. Wise -- Micro-modeling Of Retirement In Belgium / Arnaud Dellis [and Others] -- Income Security Programs And Retirement In Canada / Michael Baker [and Others] -- The Impact Of Incentives On Retirement In Denmark / Paul Bingley [and Others] -- Estimating Models Of Retirement Behavior On French Data / Ronan Mahieu, Didier Blanchet -- Micro-modeling Of Retirement Decisions In Germany / Axel Börsch-supan [and Others] -- Micro-modeling Of Retirement Behavior In Italy / Agar Brugiavini, Franco Peracchi -- Social Security And Retirement In Japan: An Evaluation Using Micro-data / Takashi Oshio, Akiko Sato Oishi -- Incentives And Exit Routes To Retirement In The Netherlands / Klaas De Vos, Arie Kapteyn -- Micro-modeling Of Retirement Behavior In Spain / Michele Boldrin [and Others] -- Income Security Programs And Retirement In Sweden / Mårten Palme, Ingemar Svensson -- Pension Incentives And The Pattern Of Retirement In The United Kingdom / Richard Blundell [and Others] -- The Effect Of Social Security On Retirement In The United States / Courtney Coile, Jonathan Gruber. Edited By Jonathan Gruber And David A. Wise. Data Report From A Special Project Not Part Of A Conference. An Analysis And Country-by-country Comparison Of The Effects Of Social Security Incentives On Retirement Behavior In Belgium, Canada, Denmark, France, Germany, Italy, Japan, The Netherlands, Spain, Sweden, The Uk, And The United States. Includes Bibliographical References And Indexes. Introduction and summary / -- Jonathan Gruber, -- David A. Wise Micro-modeling of retirement in Belgium -- Arnaud Dellis ... [et al.] Income security programs and retirement in Canada -- Michael Baker, Jonathan Gruber, and Kevin Milligan -- The Impact of incentives on retirement in Denmark -- Paul Bingley, Nabanita Datta Gupta, and Peder J. Pedersen Estimating models of retirement behavior on French data -- Ronan Mahieu, -- Didier Blanchet Micro-modeling of retirement decisions in Germany -- Axel Börsch-Supan ... [et al.] Micro-modeling of retirement behavior in Italy -- Agar Brugiavini, -- Franco Peracchi Social security and retirement in Japan: an evaluation using micro-data -- Takashi Oshio, -- Akiko Sato Oishi Incentives and exit routes to retirement in the Netherlands -- Klaas de Vos, -- Arie Kapteyn Micro-modeling of retirement behavior in Spain -- Michele Boldrin, Sergi Jiménez-Martin, and Franco Peracchi Income security programs and retirement in Sweden -- Mårten Palme, -- Ingemar Svensson Pension incentives and the pattern of retirement in the United Kingdom -- Richard Blundell, Costas Meghir, and Sarah Smith The effect of social security on retirement in the United States-- Courtney Coile,-- Jonathan Gruber. RÉSUMÉ : An analysis and country-by-country comparison of the effects of social security incentives on retirement behavior in Belgium, Canada, Denmark, France, Germany, Italy, Japan, The Netherlands, Spain, Sweden, the UK, and the United States