Book

Social Security Programs and Retirement around the World

Edited by Jonathan Gruber and David A. Wise

Published by University of Chicago Press

Published in print March 2004 | ISBN: 9780226310183
Published online February 2013 | e-ISBN: 9780226309989 | DOI: http://dx.doi.org/10.7208/chicago/9780226309989.001.0001
Social Security Programs and Retirement around the World

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This book represents the second stage of an ongoing research project studying the relationship between social security and labor. The first volume 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.

Keywords: social security; labor; developed countries; retirement; aging population; cultural histories; labor market institutions; social characteristics; continued work; older employees

Book.  751 pages.  Illustrated.

Subjects: International Economics

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Table of Contents

Introduction and Summary in Social Security Programs and Retirement around the World

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Micro-Modeling of Retirement in Belgium in Social Security Programs and Retirement around the World

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Income Security Programs and Retirement in Canada in Social Security Programs and Retirement around the World

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The Impact of Incentives on Retirement in Denmark in Social Security Programs and Retirement around the World

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Estimating Models of Retirement Behavior on French Data in Social Security Programs and Retirement around the World

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Micro-Modeling of Retirement Decisions in Germany in Social Security Programs and Retirement around the World

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Micro-Modeling of Retirement Behavior in Italy in Social Security Programs and Retirement around the World

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Social Security and Retirement in Japan: An Evaluation Using Micro-Data in Social Security Programs and Retirement around the World

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Incentives and Exit Routes to Retirement in the Netherlands in Social Security Programs and Retirement around the World

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Micro-Modeling of Retirement Behavior in Spain in Social Security Programs and Retirement around the World

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