Using International Micro Data to Learn about Individuals' Responses to Changes in Social Insurance
AbstractIn this paper the authors examine the scope of cross-country variation in institutions related to social insurance. Building on the variation they find they assess the value of new micro data that is comparable across countries to help identify key parameters of individual behavior. They present multiple aspects of labor force participation, including disability benefit receipt, as well as wealth accumulation and relate the resulting patterns to variation in institutions across countries. Finally, they study the relationship between wealth accumulation and the generosity of public pensions in more detail. The estimates imply that Social Security benefits displace private saving.
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Bibliographic InfoPaper provided by RAND Corporation Publications Department in its series Working Papers with number 626.
Length: 53 pages
Date of creation: Nov 2008
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More information through EDIRC
aging; social insurance; international comparisons;
Find related papers by JEL classification:
- D10 - Microeconomics - - Household Behavior - - - General
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- D91 - Microeconomics - - Intertemporal Choice - - - Intertemporal Household Choice; Life Cycle Models and Saving
- J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
- J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
This paper has been announced in the following NEP Reports:
- NEP-AGE-2008-12-21 (Economics of Ageing)
- NEP-ALL-2008-12-21 (All new papers)
- NEP-IAS-2008-12-21 (Insurance Economics)
- NEP-LAB-2008-12-21 (Labour Economics)
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