Full Citation

Title: Social Security and Retirement Across the OECD

Citation Type: Working Paper

Publication Year: 2010

ISBN:

ISSN:

DOI:

NSFID:

PMCID:

PMID:

Abstract: Employment to population ratios differ markedly across OECD countries relative to rates in the U.S., especially for persons aged 55-69. Social security features also differ across the OECD, particularly with respect to replacement rates, entitlement ages and earnings tests. I conjecture that differences in social security features explain many differences in employment to population ratios at older ages. I assess my conjecture quantitatively with a life cycle general equilibrium model of retirement. At ages 60-64 the correlation between my model's simulations and observed data is about two thirds. The replacement rate and the earnings test explain 90% of observed variability, implying that differences in entitlement ages do not explain differences in employment to population rates at older ages.

Url: http://ftp.itam.mx/pub/academico/inves/alonso/10-07.pdf

User Submitted?: No

Authors: Alonso-Ortiz, Jorge

Series Title: Centro de Investigacion Economica Discussion Paper Series

Publication Number: 10-07

Institution: Instituto Tecnologico Autonomo de Mexico

Pages:

Publisher Location: Mexico City, Mexico

Data Collections: IPUMS CPS

Topics: Aging and Retirement, Poverty and Welfare

Countries: