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Social security and retirement across the OECD

  • Alonso-Ortiz, Jorge

Employment to population ratios differ markedly across OECD coun- tries, especially for people over 55. Social security features also differ markedly across the OECD, particularly with respect to replacement rates, entitlement ages and earnings tests. I conjecture that differences in social security features explain many differences in employment to population ratios at older ages. I assess my conjecture quantitatively with a life cycle general equilibrium model of retirement. At ages 60-64 the correlation between my model’s simulations and observed data is .67. Replacement rates and the earnings tests are key features.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 35619.

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Date of creation: 15 Nov 2010
Date of revision: 13 Dec 2011
Handle: RePEc:pra:mprapa:35619
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