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Micro-Modeling of Retirement Behavior in Spain

In: Social Security Programs and Retirement around the World: Micro-Estimation

Author

Listed:
  • Michele Boldrin
  • Sergi Jiménez-Martín
  • Franco Peracchi

Abstract

. In this work we analyze the role of financial incentives to retire on the individual propensity to retire on a sample of Spanish Working histories from the Social Security administration. The results obtained are used to simulate the impact of various reform, including the 1997 Spanish reform on the average retirement age. Comparing the results of the reforms, only is partially effective that which suggest a delay of three years in the early and normal retirement ages. The results of the 1997 are negligible.
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Suggested Citation

  • Michele Boldrin & Sergi Jiménez-Martín & Franco Peracchi, 2004. "Micro-Modeling of Retirement Behavior in Spain," NBER Chapters,in: Social Security Programs and Retirement around the World: Micro-Estimation, pages 499-578 National Bureau of Economic Research, Inc.
  • Handle: RePEc:nbr:nberch:10707
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    References listed on IDEAS

    as
    1. Kerkhofs, Marcel & Lindeboom, Maarten & Theeuwes, Jules, 1999. "Retirement, financial incentives and health," Labour Economics, Elsevier, vol. 6(2), pages 203-227, June.
    2. Jonathan Gruber & David A. Wise, 1999. "Introduction to "Social Security and Retirement around the World"," NBER Chapters,in: Social Security and Retirement around the World, pages 1-35 National Bureau of Economic Research, Inc.
    3. Jonathan Gruber & David A. Wise, 1999. "Social Security and Retirement around the World," NBER Books, National Bureau of Economic Research, Inc, number grub99-1.
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. ¿Qué hacer con 6M de parados? La búsqueda de indicios sobre ajuste salarial en el mercado de trabajo
      by Sergi Jiménez in Nada Es Gratis on 2013-07-17 11:00:44
    2. Desigualdad salarial, crisis y reformas: bofetadas para todos, pero por turnos
      by Sergi Jiménez in Nada Es Gratis on 2013-11-04 13:00:54

    Citations

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    Cited by:

    1. Gil, Joan & Mora, Toni, 2011. "The determinants of misreporting weight and height: The role of social norms," Economics & Human Biology, Elsevier, pages 78-91.
    2. Alfonso SANCHEZ-MARTIN & Virginia SANCHEZ-MARCOS, "undated". "Demographic Change, Pension Reform and Redistribution in Spain," EcoMod2008 23800123, EcoMod.
    3. Stephen E. Hansen & Michael McMahon, 2010. "What Do Outside Experts Bring To A Committee? Evidence From The Bank of England," Working Papers 512, Barcelona Graduate School of Economics.
    4. Erosa, Andrés & Fuster, Luisa & Kambourov, Gueorgui, 2012. "Labor supply and government programs: A cross-country analysis," Journal of Monetary Economics, Elsevier, pages 84-107.
    5. F. J. Fernández-Díaz & C. Patxot & G. Souto, 2013. "DYPES: A Microsimulation model for the Spanish retirement pension system," Working Papers 2013-06, FEDEA.
    6. García-Pérez, J. Ignacio & Jiménez-Martín, Sergi & Sánchez-Martín, Alfonso R., 2013. "Retirement incentives, individual heterogeneity and labor transitions of employed and unemployed workers," Labour Economics, Elsevier, pages 106-120.
    7. Roberto Leombruni & Matteo Richiardi, 2006. "LABORsim: An Agent-Based Microsimulation of Labour Supply – An Application to Italy," Computational Economics, Springer;Society for Computational Economics, vol. 27(1), pages 63-88, February.
    8. Manuel Hidalgo-Pérez & Walter García-Fontes, 2014. "Estimating Human Capital Externalities: The Case of the Spanish Provinces, 1995-2010," Working Papers 14.06, Universidad Pablo de Olavide, Department of Economics.
    9. Isabel Cairó-Blanco, 2010. "An empirical analysis of retirement behaviour in Spain: partial versus full retirement," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 1(3), pages 325-356, July.
    10. Vermeer, Niels & Mastrogiacomo, Mauro & Van Soest, Arthur, 2016. "Demanding occupations and the retirement age," Labour Economics, Elsevier, vol. 43(C), pages 159-170.
    11. Michele Boldrin & Pilar García-Gómez & Sergi Jiménez-Martín, 2010. "Social Security Incentives, Exit from the Workforce and Entry of the Young," NBER Chapters,in: Social Security Programs and Retirement around the World: The Relationship to Youth Employment, pages 261-294 National Bureau of Economic Research, Inc.
    12. JosÈ Ignacio Conde-Ruiz & Clara I. Gonz·lez, 2016. "From Bismarck to Beveridge: the Other Pension Reform in Spain," Studies on the Spanish Economy eee2016-16, FEDEA.
    13. J. Ignacio Conde-Ruiz & Clara I. González, 2016. "From Bismarck to Beveridge: the other pension reform in Spain," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 7(4), pages 461-490, November.
    14. Clara I. Gonzalez & José Ignacio Conde Ruiz & Michele Boldrin, 2009. "Immigration and Social Security in Spain," Working Papers 2009-26, FEDEA.
    15. Aparicio Fenoll, Ainhoa, 2011. "The Effect of Product Market Competition on Job Instability," IZA Discussion Papers 5669, Institute for the Study of Labor (IZA).
    16. Alfonso R. Sánchez, 2014. "The automatic adjustment of pension expenditures in Spain:an evaluation of the 2013 pension reform," Working Papers 1420, Banco de España;Working Papers Homepage.
    17. Raquel Vegas Sánchez & Isabel Argimón & Marta Botella & Clara González, 2013. "Old age pensions and retirement in Spain," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 4(3), pages 273-307, August.
    18. Carlos Vidal-Meliá & Inmaculada Domínguez-Fabian, 2005. "The Spanish Pension System: Issues Of Introducing Notional Defined Contribution Accounts," Public Economics 0504006, EconWPA.
    19. Alexander Ueberfeldt, 2006. "Working Time over the 20th Century," Staff Working Papers 06-18, Bank of Canada.
    20. Sergi Jiménez-Martín & Alfonso R. Sánchez Martín, 2004. "The effect of pension rules on retirement monetary incentives with an application to pension reforms in Spain," Hacienda Pública Española, IEF, pages 35-66.
    21. Sergi Jimenez-Martin & Judit Castello, 2013. "Business cycle and spillover effects on pre-retirement behavior in Spain," IZA Journal of European Labor Studies, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 2(1), pages 1-23, December.
    22. Clara Isabel González & J. Ignacio Conde-Ruiz & Michele Boldrin, 2008. "Immigration and Social Security in Spain," Working Papers 2008-36, FEDEA.

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