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Gerontocracy, retirement, and social security
Mulligan, Casey B.; Sala-i-Martin, Xavier - Department of Economics and Business, Universitat … - 1999
programs with retirement incentives are larger and that the old are more "single-minded" in their politics, implications which …
Persistent link: https://www.econbiz.de/10005772206
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An evaluation of the life-cycle effects of minimum pensions on retirement behavior
Jiménez-Martín, Sergi; Sánchez, Alfonso R. - Department of Economics and Business, Universitat … - 2003
In this paper we explore the effects of the minimum pension program on welfare and retirement in Spain. This is done … by the minimum pension in aggregate retirement patterns. The impact is substantial: there is threefold increase in … retirement at 60 (the age of first entitlement) with respect to the economy without minimum pensions, and total early retirement …
Persistent link: https://www.econbiz.de/10005704846
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Delaying the normal and early retirement ages in Spain: behavioural and welfare consequences for employed and unemployed workers
Sánchez, Alfonso R.; García-Pérez, J. Ignacio; … - Department of Economics and Business, Universitat … - 2014
In this paper, we explore the links between pension reform, early retirement, and the use of unemployment as an … alternative pathway to retirement. We use a dynamic rational expectations model to analyze the search and retirement behaviour of … employed and unemployed workers aged 50 or over. The model is calibrated to reproduce the main reemployment and retirement …
Persistent link: https://www.econbiz.de/10010891946
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Evaluating Spanish pension expenditure under alternativa reform scenario
Jiménez-Martín, Sergi; Boldrin, Michele - Department of Economics and Business, Universitat … - 2002
In this paper we evaluate the quantitative impact that a number of alternative reform scenarios may have on the total expenditure for public pensions in Spain. Our quantitative findings can be summarized in two sentences. For all the reforms considered, the financial impact of the mechanical...
Persistent link: https://www.econbiz.de/10005772105
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Award errors and permanent disability benefits in Spain
Jiménez-Martín, Sergi; Labeaga, José M.; Prieto, … - Department of Economics and Business, Universitat … - 2006
being used as an instrument for exiting the labor market for some individuals approaching the early retirement or those who …
Persistent link: https://www.econbiz.de/10005772456
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The effects of employment uncertainty and wealth shocks on the labor supply and claiming behavior of older American workers
Benítez-Silva, Hugo; García-Pérez, J. Ignacio; … - Department of Economics and Business, Universitat … - 2011
retirement and claiming decisions in terms of the employment, wage, health, and mortality uncertainty faced by individuals. Our … Early Retirement Age, while still explaining the increased claiming hazard at the Normal Retirement Age. We also discuss … remained very high in the last years even as the early retirement penalties have increased substantially compared with previous …
Persistent link: https://www.econbiz.de/10009147823
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Retirement incentives, individual heterogeneity and labour transitions of employed and unemployed workers
García-Pérez, J. Ignacio; Jiménez-Martín, Sergi; … - Department of Economics and Business, Universitat … - 2010
In this paper we analyze the sensitivity of the labour market decisions of workers close to retirement with respect to … incentives on retirement in two ways. First, by modeling the transitions between employment, unemployment and retirement in a … simultaneous manner, paying special attention to the transition from unemployment to retirement (which is particularly important in …
Persistent link: https://www.econbiz.de/10008683242
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Reforming the U.S. Social Security system accounting for employment uncertainty
Benítez-Silva, Hugo; García-Pérez, José Ignacio; … - Department of Economics and Business, Universitat … - 2014
retirement decisions. In this context, we explicitly consider the participation decision of older individuals along with their … decision to claim Social Security retirement benefits, using a sequential decision structure. We have numerically solved and … exactly at the Early Retirement Age. The model is also able to replicate the declining labor force participation at older ages …
Persistent link: https://www.econbiz.de/10011099203
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Assessing the wellbeing of the Spanish elderly
Boldrin, Michele; Jiménez-Martín, Sergi - Department of Economics and Business, Universitat … - 2006
In this paper we use a variety of data sources, both micro and macro, time series, cross section, and panel data to provide an empirical evaluation of the current level of economic wellbeing of the Spanish elderly, and of its determinants. We focus, in particular on the role played by the...
Persistent link: https://www.econbiz.de/10005704960
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Social security in theory and practice (II): Efficiency theories, narrative theories and implications for reform
Mulligan, Casey B.; Sala-i-Martin, Xavier - Department of Economics and Business, Universitat … - 1999
of social security include the "SS as welfare for the elderly" the "retirement increases productivity to optimally manage … human capital externalities", "optimal retirement insurance", the "prodigal father problem", the "misguided Keynesian", the …
Persistent link: https://www.econbiz.de/10005772277