Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/169233
Authors: 
Laun, Tobias
Wallenius, Johanna
Year of Publication: 
2016
Series/Report no.: 
LIS Working Paper Series 673
Abstract: 
We study the role of old-age pensions, disability insurance and healthcare in accounting for the differing labor supply patterns of older individuals across countries. We develop a life cycle model of labor supply and health with heterogeneous agents. In our framework, people choose when to stop working and when/if to apply for disability and pension benefits. We find that the incentives faced by older workers differ hugely across countries. In fact, based solely on differences in social insurance programs, the model predicts even more cross-country variation in the employment rates of people aged 55-69 than we observe in the data.
Subjects: 
Life cycle
Retirement
Disability insurance
Health
JEL: 
E24
J22
J26
Document Type: 
Working Paper

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