Micro-Modeling of Retirement Behavior in Spain

This chapter uses micro-data to model retirement behavior in Spain. Section 9.2 provides an overview of the technical rules underlying the Spanish public pension system. Section 9.3 describes the micro-economic data set, illustrates its main limitations, and outlines the steps taken to overcome such...

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Bibliographic Details
Published inSocial Security Programs and Retirement Around the World
Main Authors Jiménez-Martín,, Sergi, Peracchi, Franco, Boldrin, Michele
Format Book Chapter
LanguageEnglish
Published United States University of Chicago Press 2004
Subjects
International Economics
Labour and Demographic Economics
public pensions
retirement
Spanish pension system
Welfare & benefit systems
Welfare Economics
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Summary:This chapter uses micro-data to model retirement behavior in Spain. Section 9.2 provides an overview of the technical rules underlying the Spanish public pension system. Section 9.3 describes the micro-economic data set, illustrates its main limitations, and outlines the steps taken to overcome such limitations. Section 9.4 characterizes the sample distribution of earnings and estimated projections. Section 9.5 uses such projections to compute the various measures of retirement incentives used in this study. Such retirement incentive measures are the inputs for the estimation of the retirement models, which is undertaken in Section 9.6. Section 9.7 studies three simple policy reforms and evaluates their differential impact upon the retirement incentives. Section 9.8 briefly concludes.
ISBN:9780226310183
0226310183
DOI:10.7208/chicago/9780226309989.003.0010