Social Security Programs and Retirement around the World
Disability Insurance Programs and Retirement
Even as life expectancy in many countries has continued to increase, social security and similar government programs can provide strong incentives for workers to leave the labor force when they reach the age of eligibility for benefits. Disability insurance programs can also play a significant role in the departure of older workers from the labor force, with many individuals in some countries relying on disability insurance until they are able to enter into full retirement. The sixth stage of an ongoing research project studying the relationship between social security programs and labor force participation, this volume draws on the work of an eminent group of international economists to consider the extent to which differences in labor force participation across countries are determined by the provisions of disability insurance programs. Presented in an easily comparable way, their research covers twelve countries, including Canada, Japan, and the United States, and considers the requirements of disability insurance programs, as well as other pathways to retirement.
Contents:
Acknowledgments
Introduction – David A. Wise
1. Disability Insurance Incentives and the Retirement Decision: Evidence from the United States – Courtney Coile
2. Effect of Pensions and Disability Benefits on Retirement in the United Kingdom – James Banks, Carl Emmerson, and Gemma Tetlow
3. Option Value of Disability Insurance in Canada – Kevin Milligan and Tammy Schirle
4. Health Status, Disability, and Retirement Incentives in Belgium – Alain Jousten, Mathieu Lefebvre, and Sergio Perelman
5. Health, Disability Insurance, and Labor Force Exit of Older Workers in the Netherlands – Adriaan Kalwij, Klaas de Vos, and Arie Kapteyn
6. Retirement, Early Retirement, and Disability: Explaining Labor Force Participation after Fifty-Five in France – Luc Behaghel, Didier Blanchet, and Muriel Roger
7. Health, Financial Incentives, and Early Retirement: Microsimulation Evidence for Germany – Hendrik Jurges, Lars Thiel, Tabea Bucher-Koenen, Johannes Rausch, Morten Schuth, and Axel Borsch-Supan
8. Health, Disability Insurance, and Retirement in Denmark – Paul Bingley, Nabanita Datta Gupta, Michael Jorgensen, and Peder J. Pedersen
9. Pathways to Retirement and the Role of Financial Incentives in Sweden – Per Johansson, Lisa Laun, and Marten Palme
10. Health Status, Disability Insurance, and Incentives to Exit the Labor Force in Italy: Evidence from SHARE – Agar Brugiavini and Franco Peracchi
11. Financial Incentives, Health, and Retirement in Spain – Pilar Garcia-Gomez, Sergi Jimenez-Martin, and Judit Vall Castello
12. Option Value of Work, Health Status, and Retirement Decisions in Japan: Evidence from the Japanese Study on Aging and Retirement (JSTAR) – Satoshi Shimizutani, Takashi Oshio, and Mayu Fujii
Contributors
Author Index
Subject Index
About the Author
David A. Wise is the John F. Stambaugh Professor of Political Economy at the Kennedy School of Government at Harvard University. He is the area director of Health and Retirement Programs and director of the Program on the Economics of Aging at the National Bureau of Economic Research.
