Chapter

Labor Market Status and Transitions during the Pre-Retirement Years: Learning from International Differences

Arie Kapteyn, James P. Smith, Arthur van Soest and James Banks

in Research Findings in the Economics of Aging

Published by University of Chicago Press

Published in print April 2010 | ISBN: 9780226903064
Published online February 2013 | e-ISBN: 9780226903088 | DOI: http://dx.doi.org/10.7208/chicago/9780226903088.003.0004
Labor Market Status and Transitions during the Pre-Retirement Years: Learning from International Differences

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This chapter analyzes variations in work disability and enrollment in disability insurance in Europe and the United States. Data from the Panel Study of Income Dynamics (PSID) and the European Community Household Panel (ECHP) is looked upon. An additional aspect of this chapter is a simulation analysis that applies U.S. institutional variables to the population characteristics of other countries to see how self-reported work disability would change in the other countries in the study. These institutional differences include program eligibility rules, workplace accommodation of older or sick workers, and generosity of benefits. By simulating work disability using U.S. parameters (i.e., U.S. institutions and norms), but applied to European countries, there is often a considerable reduction in self-reported disability rates.

Keywords: labor market; Panel Study of Income Dynamics; disability; insurance

Chapter.  10695 words.  Illustrated.

Subjects: Economics

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