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Title: Retirement Age Across Countries: The Role of Occupations

Citation Type: Miscellaneous

Publication Year: 2012

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Abstract: Cross-country variation in effective retirement age is usually attributed to institutional differences that affect individuals incentives to retire. This paper suggestsa different approach to explain this variation. Since working individuals in different occupations naturally retire at different ages, the composition of occupations within an economy matters for its average effective retirement age. Using U.S. Census data we infer the average retirement age by occupation, which we then use to predict the retirement age of 38 countries, using the occupational distribution of these countries. Our findings suggest that the differences in occupational composition explain up to38% of the observed cross-country variation in retirement age.

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Authors: Saure, Philip; Zoabi, Hosny

Publisher: Swiss National Bank

Data Collections: IPUMS CPS

Topics: Aging and Retirement

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