Social Security and Earlier Retirement in Japan: Cross-Sectional Evidence
The estimated elasticity of the probability of retirement with respect to social security retirement benefits declines as individuals age. The negative impact of social security retirement benefits on full-time workers is much greater than the impact on part-time workers for all age groups. Earnings test in Japan is, therefore, more effective on full-time workers than part-time workers among the elderly. Social security retirement benefits also provide the elderly with an incentive to prolong their unemployment status. The marginal effect of the market unemployment rate on full-time work is significantly larger than that on part-time work and both effects are negative. The e1asticit.y of retirement with respect to the market unemployment rate for those in their 60's is two to three times larger than those aged 70 and over. Retirement of those in their GO'S is quite responsive to changes in labor market condition.
|Date of creation:||Nov 1987|
|Publication status:||published as "The Labor Force Participation & Elderly Males in Japan." Journal of the Japanese and International Economcis, Vol. 4, pp. 1-23, eds. M. Aoki, K. Hamada, M. Ohyama, M. Okuno-Fijiwara, T. Ito, Academic Press: 1990.|
|Contact details of provider:|| Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.|
Web page: http://www.nber.org
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Daniel S. Hamermesh, 1982.
"Life-Cycle Effects on Consumption and Retirement,"
NBER Working Papers
0976, National Bureau of Economic Research, Inc.
- Victor R. Fuchs, 1984. ""Though Much is Taken" -- Reflections on Aging, Health, and Medical Care," NBER Working Papers 1269, National Bureau of Economic Research, Inc.
- Alan L. Gustman & Thomas L. Steinmeier, 1983. "Retirement Flows," NBER Working Papers 1069, National Bureau of Economic Research, Inc.
- Alan S. Blinder & Roger H. Gordon & Donald E. Wise, 1980. "Reconsidering the Work Disincentive Effects of Social Security," NBER Working Papers 0562, National Bureau of Economic Research, Inc.
- Olivia S. Mitchell & Gary S. Fields, 1983.
"The Economics of Retirement Behavior,"
NBER Working Papers
1128, National Bureau of Economic Research, Inc.
- Gary Burtless & Robert A. Moffitt, 1986. "Social Security, Earnings Tests, and Age at Retirement," Public Finance Review, , vol. 14(1), pages 3-27, January.
- Cropper, M L, 1981. "Measuring the Benefits from Reduced Morbidity," American Economic Review, American Economic Association, vol. 71(2), pages 235-240, May.
- Wolfe, Barbara L., 1984. "Measuring disability and health," Journal of Health Economics, Elsevier, vol. 3(2), pages 187-193, August.
- Michael D. Hurd & Michael J. Boskin, 1984. "The Effect of Social Security on Retirement in the Early 1970s," The Quarterly Journal of Economics, Oxford University Press, vol. 99(4), pages 767-790.
- Boskin, Michael J, 1977. "Social Security and Retirement Decisions," Economic Inquiry, Western Economic Association International, vol. 15(1), pages 1-25, January.
- Pellechio, Anthony J, 1979. "Social Security Financing and Retirement Behavior," American Economic Review, American Economic Association, vol. 69(2), pages 284-287, May.
- Gerking, Shelby & Schulze, William, 1981. "What Do We Know about Benefits of Reduced Mortality from Air Pollution Control?," American Economic Review, American Economic Association, vol. 71(2), pages 228-234, May.
- Hanoch, Giora & Honig, Marjorie, 1983. "Retirement, Wages, and Labor Supply of the Elderly," Journal of Labor Economics, University of Chicago Press, vol. 1(2), pages 131-151, April.
- Rosen, Sherwin, 1981. "Valuing Health Risk," American Economic Review, American Economic Association, vol. 71(2), pages 241-245, May.
- Marjorie Honig & Giora Hanoch, 1985. "Partial Retirement as a Separate Mode of Retirement Behavior," Journal of Human Resources, University of Wisconsin Press, vol. 20(1), pages 21-46.
When requesting a correction, please mention this item's handle: RePEc:nbr:nberwo:2442. See general information about how to correct material in RePEc.
If references are entirely missing, you can add them using this form.