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Effects of old-age insurance on female retirement : evidence from cross-country time-series data

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  • Richard Johnson

Abstract

I examine the effect of Old-Age Insurance (OAI) on older women’s labour-force participation in fourteen countries since around 1930. Older women’s participation has risen in the US, but has fallen over time in some European countries. The discontinuity of incentives at the state pension age helps separate OAI’s effects from those of social mores and husbands’ retirements. Clear effects of OAI on female retirement emerge slowly in time series. I find that, were Germany to adopt the US Social Security system, the participation rate of German women aged 60-4 would increase by 7 percentage points.

Suggested Citation

  • Richard Johnson, 2001. "Effects of old-age insurance on female retirement : evidence from cross-country time-series data," Research Working Paper RWP 01-08, Federal Reserve Bank of Kansas City.
  • Handle: RePEc:fip:fedkrw:rwp01-08
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    References listed on IDEAS

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    Cited by:

    1. Fischer, Justina AV & Sousa-Poza, Alfonso, 2009. "The Effect of Pension Generosity on Early Retirement: A Microdata Analysis for Europe from 1967 to 2004," MPRA Paper 15940, University Library of Munich, Germany.
    2. John Ameriks & Joseph S. Briggs & Andrew Caplin & Minjoon Lee & Matthew D. Shapiro & Christopher Tonetti, 2017. "Older Americans Would Work Longer If Jobs Were Flexible," NBER Working Papers 24008, National Bureau of Economic Research, Inc.

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    Keywords

    Insurance ; Retirement;

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