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Micro-Modelling Of Retirement Behavior In Spain

Author

Listed:
  • : Michele Boldrin

    (University of Minnesota, and CEPR)

  • : Sergi Jiménez-Martín

    (Universidad Carlos III)

  • : Franco Peracchi

    (Università di Roma Tor Vergata)

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.

Suggested Citation

  • : Michele Boldrin & : Sergi Jiménez-Martín & : Franco Peracchi, "undated". "Micro-Modelling Of Retirement Behavior In Spain," Working Papers 14-02 Classification-JEL , Instituto de Estudios Fiscales.
  • Handle: RePEc:hpe:wpaper:y:2002:i:14
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    References listed on IDEAS

    as
    1. Michele Boldrin & Sergi Jimenez-Martin & Franco Peracchi, 1999. "Social Security and Retirement in Spain," NBER Chapters, in: Social Security and Retirement around the World, pages 305-353, National Bureau of Economic Research, Inc.
    2. Franco Peracchi, 2002. "The European Community Household Panel: A review," Empirical Economics, Springer, vol. 27(1), pages 63-90.
    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, June.
    Full references (including those not matched with items on IDEAS)

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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. 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.
    2. Alfonso Sánchez & Virginia Sánchez Marcos, 2008. "Demographic Change, Pension Reform and Redistribution in Spain," Working Papers 2008-14, FEDEA.
    3. 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.
    4. Agar Brugiavini & Franco Peracchi, 2010. "Youth Unemployment and Retirement of the Elderly: The Case of Italy," NBER Chapters, in: Social Security Programs and Retirement around the World: The Relationship to Youth Employment, pages 167-215, National Bureau of Economic Research, Inc.
    5. 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, vol. 20(C), pages 106-120.
    6. Erosa, Andrés & Fuster, Luisa & Kambourov, Gueorgui, 2012. "Labor supply and government programs: A cross-country analysis," Journal of Monetary Economics, Elsevier, vol. 59(1), pages 84-107.
    7. Pilar García-Gómez & Sílvia Garcia-Mandicó & Sergi Jiménez-Martín & Judit Vall-Castelló, 2018. "Trends in Employment and Social Security Incentives in the Spanish Pension System, 1980–2016," NBER Chapters, in: Social Security Programs and Retirement around the World: Reforms and Retirement Incentives, pages 317-371, National Bureau of Economic Research, Inc.
    8. Clara Isabel González & J. Ignacio Conde-Ruiz & Michele Boldrin, 2008. "Immigration and Social Security in Spain," Working Papers 2008-36, FEDEA.
    9. F. J. Fernández-Díaz & C. Patxot & G. Souto, 2013. "DYPES: A Microsimulation model for the Spanish retirement pension system," Working Papers 2013-06, FEDEA.
    10. Aparicio Fenoll, Ainoa, 2011. "The Effect of Product Market Competition on Job Instability," IZA Discussion Papers 5669, Institute of Labor Economics (IZA).
    11. Meritxell Solé & Guadalupe Souto & Concepció Patxot, 2019. "Sustainability and Adequacy of the Spanish Pension System after the 2013 Reform: A Microsimulation Analysis," Hacienda Pública Española / Review of Public Economics, IEF, vol. 228(1), pages 109-150, March.
    12. 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.
    13. 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.
    14. Concepció Patxot & Meritxell Solé & Guadalupe Souto & Martin Spielauer, 2018. "The Impact of the Retirement Decision and Demographics on Pension Sustainability: A Dynamic Microsimulation Analysis," International Journal of Microsimulation, International Microsimulation Association, vol. 11(2), pages 84-108.
    15. 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.
    16. 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.
    17. Carlos Vidal-Meliá & Inmaculada Domínguez-Fabian, 2005. "The Spanish Pension System: Issues Of Introducing Notional Defined Contribution Accounts," Public Economics 0504006, University Library of Munich, Germany.
    18. Vermeer, Niels & Mastrogiacomo, Mauro & Van Soest, Arthur, 2016. "Demanding occupations and the retirement age," Labour Economics, Elsevier, vol. 43(C), pages 159-170.
    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 / Review of Public Economics, IEF, vol. 169(2), pages 35-66, June.
    21. Michele Boldrin & Sergi Jimenez-Martin, 2005. "Assessing the Wellbeing of the Spanish Elderly," Levine's Bibliography 784828000000000392, UCLA Department of Economics.
    22. 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.
    23. 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.
    24. Jaume Puig-Junoy & Pilar Garcia-Gomez & David Casado-Marin, 2011. "Free Medicines thanks to Retirement: Moral Hazard and Hospitalization Offsets in an NHS," Tinbergen Institute Discussion Papers 11-108/3, Tinbergen Institute.

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