|
EconStor >
Stockholm School of Economics >
EFI - The Economic Research Institute, Stockholm School of Economics >
SSE/EFI Working Paper Series in Economics and Finance, EFI - The Economic Research Institute, Stockholm School of Economics >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/56215
|
| | |
| Title: | | A life cycle model of health and retirement: The case of Swedish pension reform  |
| Authors: | | Laun, Tobias Wallenius, Johanna |
| Issue Date: | | 2012 |
| Series/Report no.: | | SSE/EFI Working Paper Series in Economics and Finance 741 |
| Abstract: | | In this paper we develop a life cycle model of labor supply and retirement to study the interactions between health and the labor supply behavior of older workers, in particular disability insurance and pension claiming. In our framework, individuals choose when to stop working and, given eligibility criteria, when/if to apply for disability and pension benefits. Individuals care about their health and can partially insure against health shocks by investing in health. We use the model to study the labor supply implications of the recent Swedish pension reform. We find that the new pension system creates big incentives for the continued employment of older workers. In particular, the model predicts an increase in the average retirement age of more than two years. |
| Subjects: | | life cycle retirement pension reform disability insurance health |
| JEL: | | E24 J22 J26 |
| Document Type: | | Working Paper |
| Appears in Collections: | | SSE/EFI Working Paper Series in Economics and Finance, EFI - The Economic Research Institute, Stockholm School of Economics
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/56215
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|