Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/272009 
Year of Publication: 
2023
Series/Report no.: 
CESifo Working Paper No. 10365
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
We study how occupations shape individual and aggregate retirement behavior. First, we document large differences in individual retirement ages across occupations in U.S. data. We then show that retirement behavior among European workers is strongly correlated with U.S. occupational retirement ages, indicating an inherent association between occupations and retirement that is present across institutional settings. Finally, we find that occupational composition is highly predictive of aggregate retirement behavior across 45 countries. Our findings suggest that events affecting occupational structure, such as skill-biased technological change or international trade, have consequences for aggregate retirement behavior and social security systems.
Subjects: 
retirement
occupational distribution
cross-country analysis
JEL: 
E24
H55
J14
J24
J26
J82
Document Type: 
Working Paper
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