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Social Security Programs and Retirement around the World: Reforms and Retirement Incentives

Online ISBN:
9780226674247
Print ISBN:
9780226674100
Publisher:
University of Chicago Press
Book

Social Security Programs and Retirement around the World: Reforms and Retirement Incentives

Axel Börsch-Supan (ed.),
Axel Börsch-Supan
(ed.)
Max Planck Institute for Social Law and Social Policy
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Courtney C. Coile (ed.)
Courtney C. Coile
(ed.)
Wellesley College
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Published online:
23 September 2021
Published in print:
12 February 2021
Online ISBN:
9780226674247
Print ISBN:
9780226674100
Publisher:
University of Chicago Press

Abstract

Through the coordination of work of a team of analysts in twelve countries for twenty years, the International Social Security (ISS) project has used the differences in social security programs across countries as a natural laboratory to study the effects of retirement program provisions on the labor force participation of older persons and related questions. The first several phases documented the strong relationship across countries between social security incentives and older men’s labor force participation, confirmed this relationship in microeconomic analysis, and estimated the labor market and fiscal implications of social security reform. Later volumes have examined the relationship between disability insurance program provisions, health, and retirement and explored whether older employment affects youth unemployment and whether older workers are healthy enough to work longer. The project has examined recent trends in labor force participation at older ages and potential explanations for these behavioral changes, such as cohort changes in health and education. In this volume, we explore how financial incentives to work at older ages have evolved from 1980 to today. We highlight the important role of reforms in these changing incentives and examine how changing incentives may have affected retirement behavior by comparing trends in incentive measures within and across countries to trends in employment.

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