Full Citation
Title: Social security and retirement across the OECD
Citation Type: Journal Article
Publication Year: 2014
ISBN:
ISSN:
DOI: 10.1016/J.JEDC.2014.07.014
NSFID:
PMCID:
PMID:
Abstract: Employment to population ratios differ markedly across Organization for Economic Cooperation and Development (OECD) countries, especially for people aged over 55 years. In addition, social security features differ markedly across the OECD, particularly with respect to features such as generosity, entitlement ages, and implicit taxes on social security benefits. This study postulates that differences in social security features explain many differences in employment to population ratios at older ages. This conjecture is assessed quantitatively with a life cycle general equilibrium model of retirement. At ages 60–64 years, the correlation between the simulations of this study׳s model and observed data is 0.67. Generosity and implicit taxes are key features to explain the cross-country variation, whereas entitlement age is not.
Url: https://www.sciencedirect.com/science/article/pii/S0165188914001778
User Submitted?: No
Authors: Alonso-Ortiz, Jorge
Periodical (Full): Journal of Economic Dynamics and Control
Issue:
Volume: 47
Pages: 300-316
Data Collections: IPUMS CPS
Topics: Aging and Retirement, Other
Countries: