Chapter

Micro-Modeling of Retirement Behavior in Spain

Michele Boldrin, Sergi Jiménez-Martín, and Franco Peracchi

in Social Security Programs and Retirement around the World

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/9780226309989.003.0010
Micro-Modeling of Retirement Behavior in Spain

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This chapter uses micro-data to model retirement behavior in Spain. Section 9.2 provides an overview of the technical rules underlying the Spanish public pension system. Section 9.3 describes the micro-economic data set, illustrates its main limitations, and outlines the steps taken to overcome such limitations. Section 9.4 characterizes the sample distribution of earnings and estimated projections. Section 9.5 uses such projections to compute the various measures of retirement incentives used in this study. Such retirement incentive measures are the inputs for the estimation of the retirement models, which is undertaken in Section 9.6. Section 9.7 studies three simple policy reforms and evaluates their differential impact upon the retirement incentives. Section 9.8 briefly concludes.

Keywords: Spanish pension system; retirement; public pensions

Chapter.  22091 words.  Illustrated.

Subjects: International Economics

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