Estimating Models of Retirement Behavior on French Data

Mahieu, Ronan; Blanchet, Didier

doi:10.7208/chicago/9780226309989.003.0005

Cited by 9 publications

(5 citation statements)

References 2 publications

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“…Occupational schemes provide 40% of the pensions for workers in the private sector and contribution to these complementary schemes became compulsory in 1972 (see Mahieu and Blanchet (2004)). They consist of 180 schemes that are divided in two main organisms: AGIRC for executive workers and ARRCO for other workers.…”

Section: A-v Francementioning

confidence: 99%

Labor supply and government programs: A cross-country analysis

Erosa

Fuster

Kambourov

2012

Journal of Monetary Economics

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There are substantial crosscountry differences in labor supply late in the life cycle (age 50+). A theory of labor supply and retirement decisions is developed to quantitatively assess the role of social security, disability insurance, and taxation for understanding differences in labor supply late in the life cycle across European countries and the United States. The findings support the view that government policies can go a long way towards accounting for the low labor supply late in the life cycle in the European countries relative to the United States, with social security rules accounting for the bulk of these effects.

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Section: A-v Francementioning

confidence: 99%

Labor supply and government programs: A cross-country analysis

Erosa

Fuster

Kambourov

2012

Journal of Monetary Economics

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“…In order to illustrate the comparative strength of response to financial incentives in Austria, we use the results in Coile and Gruber (2004), Boersch-Supan et al (2004), Mathieu and Blanchet (2004), and Palme and Svensson (2004). Even though there is no completely uniform technique used across these studies, comparisons allow us to obtain a sufficiently correct ranking.…”

Section: Resultsmentioning

confidence: 99%

Financial incentives in the Austrian PAYG-pension system: micro-estimation

Raab

2010

Empirica

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The scope of this paper is to investigate the impact of financial incentives on the retirement decision of private sector workers in Austria. How do financial incentives embedded in the Austrian pension system impact individual retirement behavior? We are using a unique dataset of individual social insurance spells. Micro-estimating the impact of financial incentives on the probability of retirement shows that the behavioral response to financial incentives in Austria is relatively large in international comparison. Also, there are striking behavioral differences between men and women. Using the estimates to simulate the response to reform shows that actual retirement ages could be most successfully brought up by a 6 percentage point deduction in pension benefits per year of early retirement.JEL-Codes: C23, C25, H55, J22, J26.

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“…Other researchers have found that many older workers spend some time living on UI immediately before they claim SS benefits. In Sweden, only 7 percent of older workers are in this situation according to Palme and Svensson (2004), but there are 15 percent in Belgium (see Dellis et al , 2004), over 20 percent in France and Germany (see Mahieu and Blanchet, 2004; Borsch-Supan et al , 2004), and almost 40 percent in Japan (see Oshio and Oishi, 2004), where applying for UI is considered standard for anyone losing his job, whether looking for a job or not. Thus in all these countries, and many others, UI is often used as a kind of early retirement benefit while awaiting legal SS benefits.…”

Section: Institutional Background and Review Of The Existing Literaturementioning

confidence: 99%

To claim or to retire

Fawaz

2017

IJM

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Purpose The purpose of this paper is to use the Health and Retirement Study to examine the social security (SS) claiming decision of older Americans, with a focus on the behavior of the unemployed. Design/methodology/approach Using a duration model first, and a bivariate probit framework then, the author investigates whether older unemployed individuals lacking liquidity use SS benefits as a safety net in order to finance consumption during an unemployment episode, even if they do not retire at the same time. In this way, SS might be thought as a form of unemployment insurance (UI) which would allow them to maintain their standard of living during their job search. Findings The author finds evidence of a claiming pattern specific to the unemployed: they claim sooner than full-time workers, even when they do not retire at the same time. They also seem to discontinue this behavior when their access to UI is extended, which gives support to the author’s hypothesis that the unemployed workers, who lack liquidity, claim their SS benefits even if they do not wish to retire, as a source of alternative unemployment benefits. Originality/value By focusing on the SS claiming behavior of the unemployed rather than on their retirement patterns, this paper sheds light on the social insurance role of SS retirement benefits for unemployed workers who are not willing to retire, but need a new source of income while they continue looking for a job.

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Estimating Models of Retirement Behavior on French Data

Cited by 9 publications

References 2 publications

Labor supply and government programs: A cross-country analysis

Labor supply and government programs: A cross-country analysis

Financial incentives in the Austrian PAYG-pension system: micro-estimation

To claim or to retire

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