Micro-Modeling of Retirement Behavior in Spain

• Published in: Social Security Programs and Retirement Around the World
• Main Authors: Jiménez-Martín,, Sergi, Peracchi, Franco, Boldrin, Michele
• Format: Book Chapter
• Language: English
• 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
• DOI: 10.7208/chicago/9780226309989.003.0010
• ISBN: 9780226310183; 0226310183

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.