Retirement Age across Countries: The Role of Occupations
AbstractCross-country variation in average retirement age is usually attributed to institutional differences that affect individuals' incentives to retire. We suggest a different approach. Since workers in different occupations naturally retire at different ages, the composition of occupations within an economy matters for its average retirement age. Using U.S. data we infer the average retirement age by occupation, which we then use to predict the retirement age of 38 countries according to the occupational composition of these countries. Our findings suggest that the differences in occupational composition explain up to 39.2% of the observed cross-country variation in retirement age.
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Bibliographic InfoPaper provided by Swiss National Bank in its series Working Papers with number 2012-06.
Length: 57 pages
Date of creation: 2012
Date of revision:
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More information through EDIRC
Retirement Age; Occupational Distribution; Cross-Country Analysis;
Find related papers by JEL classification:
- J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
- J82 - Labor and Demographic Economics - - Labor Standards - - - Labor Force Composition
This paper has been announced in the following NEP Reports:
- NEP-AGE-2012-07-08 (Economics of Ageing)
- NEP-ALL-2012-07-08 (All new papers)
- NEP-LAB-2012-07-08 (Labour Economics)
- NEP-LMA-2012-07-08 (Labor Markets - Supply, Demand, & Wages)
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Do the Greek retire earlier because of their occupations?
by Economic Logician in Economic Logic on 2012-07-23 14:43:00
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