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Social Security Programs and Retirement around the World

Disability Insurance Programs and Retirement

With an Introduction by Courtney C. Coile, Kevin Milligan, and David A. Wise

Even as life expectancy in many countries has continued to increase, social security and similar government programs can provide strong incentives for workers to leave the labor force when they reach the age of eligibility for benefits. Disability insurance programs can also play a significant role in the departure of older workers from the labor force, with many individuals in some countries relying on disability insurance until they are able to enter into full retirement.      
           
The sixth stage of an ongoing research project studying the relationship between social security programs and labor force participation, this volume draws on the work of an eminent group of international economists to consider the extent to which differences in labor force participation across countries are determined by the provisions of disability insurance programs. Presented in an easily comparable way, their research covers twelve countries, including Canada, Japan, and the United States, and considers the requirements of disability insurance programs, as well as other pathways to retirement.

544 pages | 59 halftones, 229 line drawings, 136 tables | 6 x 9 | © 2015

National Bureau of Economic Research Conference Report

Economics and Business: Economics--Government Finance, Economics--International and Comparative, Health Economics

Political Science: Comparative Politics, Public Policy

Table of Contents

Acknowledgments

Introduction
Courtney Coile, Kevin Milligan, and David A. Wise
 
1.Disability Insurance Incentives and the Retirement Decision: Evidence from the United States
Courtney Coile
 
2.Effect of Pensions and Disability Benefits on Retirement in the United Kingdom
James Banks, Carl Emmerson, and Gemma Tetlow
 
3.Option Value of Disability Insurance in Canada
Kevin Milligan and Tammy Schirle
 
4.Health Status, Disability, and Retirement Incentives in Belgium
Alain Jousten, Mathieu Lefebvre, and Sergio Perelman
 
5. Health, Disability Insurance, and Labor Force Exit of Older Workers in the Netherlands
Adriaan Kalwij, Klaas de Vos, and Arie Kapteyn
 
6. Retirement, Early Retirement, and Disability: Explaining Labor Force Participation after Fifty-Five in France
Luc Behaghel, Didier Blanchet, and Muriel Roger
 
7. Health, Financial Incentives, and Early Retirement: Microsimulation Evidence for Germany
Hendrik Jürges, Lars Thiel, Tabea Bucher-Koenen, Johannes Rausch, Morten Schuth, and Axel Börsch-Supan
 
8.Health, Disability Insurance, and Retirement in Denmark
Paul Bingley, Nabanita Datta Gupta, Michael Jørgensen, and Peder J. Pedersen
 
9.Pathways to Retirement and the Role of Financial Incentives in Sweden
Per Johansson, Lisa Laun, and Mårten Palme
 
10. Health Status, Disability Insurance, and Incentives to Exit the Labor Force in Italy: Evidence from SHARE
Agar Brugiavini and Franco Peracchi
 
11. Financial Incentives, Health, and Retirement in Spain
Pilar García-Gómez, Sergi Jiménez-Martín, and Judit Vall Castelló
 
12.Option Value of Work, Health Status, and Retirement Decisions in Japan: Evidence from the Japanese Study on Aging and Retirement (JSTAR)
Satoshi Shimizutani, Takashi Oshio, and Mayu Fujii
 
Contributors
Author Index
Subject Index

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