Social Security and Retirement Around the World (NATIONAL BUREAU OF ECONOMIC RESEARCH CONFERENCE REPORT)
Jonathan Gruber, David A. WiseISBN: 0226310116; 9780226310114;
Social Security Programs and Retirement around the World: Micro-Estimation represents the second stage of an ongoing research project studying the relationship between social security and labor supply. In the first volume, Jonathan Gruber andDavid A. Wise revealed enormous disincentives to continued work at older ages in developed countries. Provisions in many social security programs were shown to encourage retirement by reducing total compensation for work, thereby inducing older employees to leave the labor force early, magnifying the financial burden caused by population aging. At a certain age there simply is little financial benefit to continued work in many countries. In this volume, Jonathan Gruber and David A. Wise 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 papers in this volume show a strong relationship between levels of social security incentives...