The retirement decision in OECD countries:
Gespeichert in:
Hauptverfasser: | , |
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Format: | Buch |
Sprache: | French English |
Veröffentlicht: |
Paris
OECD
1998
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Schriftenreihe: | Organisation for Economic Co-operation and Development: OECD working papers
6,38 |
Schlagworte: | |
Online-Zugang: | Inhaltsverzeichnis |
Beschreibung: | 106 S. graph. Darst. |
Internformat
MARC
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Datensatz im Suchindex
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adam_text | ECO/WKP(98)15
TABLE OF CONTENTS
THE RETIREMENT DECISION IN OECD COUNTRIES 6
I. INTRODUCTION, SUMMARY AND POLICY CONCLUSIONS 6
1.1 Introduction 6
1.2 Summary and main findings 7
1.3 Policy conclusions .....8
II. NON EMPLOYMENT OF OLDER WORKERS: A BRIEF OVERVIEW 10
II. 1 Average retirement ages: Evolution since the early 1960s 10
11.2 The reason for non employment of older workers: self reporting survey evidence 11
11.3 The characteristics of older non employed workers: incidence analysis 11
11.4 Concluding remarks 13
III. OLD AGE PENSION SYSTEMS: INCENTIVES FOR EARLY RETIREMENT? 14
III. 1 Coverage and institutional arrangements 14
111.2 Basic features of old age pension systems 15
111.2.1 The standard age of entitlement 15
111.2.2 The pension replacement rate 16
111.2.3 The pension accrual rate .....18
111.2.4 Actuarial adjustment to pensions and long serving pensions 19
111.3 Old age pension wealth 20
111.3.1 Estimates of old age pension wealth: past and present 21
111.3.2 Recent pension reforms: Impact on incentives to work 22
111.4 Concluding remarks 25
IV. NON EMPLOYMENT BENEFIT SYSTEMS: INCENTIVES FOR EARLY RETIREMENT? 26
IV.1 Financial support to early retirement: a brief overview 26
IV.2 Replacement rates and benefit periods in non employment schemes 27
IV.3 Entitlement conditions 28
IV.4 Impact on social security wealth 31
IV.5 Concluding remarks . 32
V. AN EMPIRICAL ANALYSIS OF THE RETIREMENT DECISION AMONG OLDER WORKERS.33
V.I The determinants of participation rates among older workers 34
V.2 The estimation approach 37
V.3 The empirical results 38
V.3.1 Accounting for the decline in labour supply of older males 39
V.3.2 Changes in social security wealth and the labour supply decision 40
V.3.3 Moving to an actuarially neutral system 41
V.4 A summary of the microeconometric studies of the retirement decision 42
V.5 Concluding remarks 46
3
ECO/WKP(98)15
BIBLIOGRAPHY • 47
TABLES AND FIGURES 52
ANNEX: SUPPORTING MATERIAL 89
Tables
II. 1 Estimates of the average age of transition to inactivity among older workers 53
11.2 Retired males aged 55 64: Main reasons for leaving last job or business, 1995 55
11.3 The incidence of displacement by age •••• 56
11.4 Male workers aged 55 64: Highest completed level of higher education/vocational training 57
11.5 Employed and retired males aged 55 64: Sectoral breakdown, 1995 58
11.6 Employed and retired males aged 55 64: Distribution by professional status, 1995 59
111.1 Standard age of entitlement to public old age pensions 60
111.2 Old age pensions after standard entitlement age: Earnings disregards benefit reduction rates .....61
111.3 Expected old age pension gross replacement rates: Synthetic indicator 62
111.4 Increase in old age pensions for a 55 year old male by working for 10 more years 63
111.5 Flexible pension systems: Main characteristics, 1995 64
111.6 Cumulated pension wealth accruals for singles on average wages, 1967 and 1995 65
FV.l Male recipients aged .55 64 of non employment benefits 66
IV.2 Non employment benefit schemes: Summary generosity indicators for aged workers, 1995 67
IV.3 Generosity of disability and unemployment schemes: Evolution over time 68
IV.4 Unemployment related benefits for older workers: Entitlement conditions 69
IV.5 Labour market criteria in disability systems 70
IV.6 Benefit systems for the elderly: Impact on social security wealth, 1995 71
V.I Labour market and institutional variables in the OECD countries: 1971 95 72
V.2 Old age male participation rate equations . .i. 73
V.3 Participation rates of 55 64 year old makes: Summary of regression results 1971 1995 74
V .4 Accounting for the cross country difference in participation rates, 1971 95 75
V.5 Old age male participation rate and pension and social security wealth accrual 76
V.6 Moving to an actuarially neutral pension system, 1995 77
Figures
II. 1 Conditional probability of moving from work to retirement: Males ~. 78
11.1 Conditional probability of moving from work to retirement: Females 80
11.2 Average retirement ages and participation rates of older workers 82
111.1 Replacement rates by earning levels and family structure, 1995 83
111.2 Pension accrual profiles, 1995 84
111.3 Pension wealth accruals at different ages of retirement, 1995 8 *
111.4 Reforms to old age pension systems: Impact on pension wealth accrual profiles: Singles 86
IV. 1 Unemployment related benefits: Impact on social security wealth accruals, 95: Single workers ...87
V.I Implicit tax rates on continued work and average age of retirement, males, 1967 95 88
4
ECO/WKP(98)15
Annex 1 Supporting Materials 89
Table A.I Part time work and estimates of the average retirement age, 1995 90
Table A.2 Proportion of part time employment by age and sex, 1995, by country 91
Table A3 Proportion of part time workers working less than 10 hours, 1995 92
Table A.4 Distribution of older workers and of all workers by industry. EU countries, 1995 93
Table A.5 Proportion of older workers who are self employed 94
Table A.6 Groups with special statutory pension schemes 95
Table A.7 Old age pensions: Expected replacement rates for a 55 year old 96
Table A.8 Pensions wealth calculations: Basic data 97
Table A.8 Pensions wealth calculations: Life expectancy for males aged 55 99
Table A.8 Pensions wealth calculations: Pension contribution rates 100
Table A.9 Disability benefit replacement ratios by family situation and earning levels 101
Table A.10 Evolution of unemployment related benefit replacement rates, 1995 102
Figure A.I Older workers (55 64) as a percentage of older population (55 64): Men 103
5
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series2 | Organisation for Economic Co-operation and Development / Economics Department: Working papers Organisation for Economic Co-operation and Development: OECD working papers |
spelling | Blöndal, Sveinbjörn Verfasser aut The retirement decision in OECD countries by Sveinbjörn Blöndal and Stefano Scarpetta Paris OECD 1998 106 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Organisation for Economic Co-operation and Development / Economics Department: Working papers 202 Organisation for Economic Co-operation and Development: OECD working papers 6,38 OECD (DE-588)5157-3 gnd rswk-swf Incitation à la préretraite - Pays de l'Organisation de coopération et de développement économiques Pensionering gtt Retraite - Pays de l'Organisation de coopération et de développement économiques Revenu de retraite Revenu de retraite - Pays de l'Organisation de coopération et de développement économiques Sécurité sociale - Pays de l'Organisation de coopération et de développement économiques Travailleurs âgés - Retraite - Pays de l'Organisation de coopération et de développement économiques Vervroegde uittreding gtt Old age pensions OECD countries Pensions OECD countries Retirement Economic aspects OECD countries Retirement OECD countries Altersgrenze (DE-588)4139466-5 gnd rswk-swf Mitgliedsstaaten (DE-588)4170174-4 gnd rswk-swf OECD (DE-588)5157-3 b Mitgliedsstaaten (DE-588)4170174-4 s Altersgrenze (DE-588)4139466-5 s DE-604 Scarpetta, Stefano Verfasser aut Economics Department: Working papers Organisation for Economic Co-operation and Development 202 (DE-604)BV008310407 202 Organisation for Economic Co-operation and Development: OECD working papers 6,38 (DE-604)BV010346216 6,38 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=008189005&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
spellingShingle | Blöndal, Sveinbjörn Scarpetta, Stefano The retirement decision in OECD countries Organisation for Economic Co-operation and Development: OECD working papers OECD (DE-588)5157-3 gnd Incitation à la préretraite - Pays de l'Organisation de coopération et de développement économiques Pensionering gtt Retraite - Pays de l'Organisation de coopération et de développement économiques Revenu de retraite Revenu de retraite - Pays de l'Organisation de coopération et de développement économiques Sécurité sociale - Pays de l'Organisation de coopération et de développement économiques Travailleurs âgés - Retraite - Pays de l'Organisation de coopération et de développement économiques Vervroegde uittreding gtt Old age pensions OECD countries Pensions OECD countries Retirement Economic aspects OECD countries Retirement OECD countries Altersgrenze (DE-588)4139466-5 gnd Mitgliedsstaaten (DE-588)4170174-4 gnd |
subject_GND | (DE-588)5157-3 (DE-588)4139466-5 (DE-588)4170174-4 |
title | The retirement decision in OECD countries |
title_auth | The retirement decision in OECD countries |
title_exact_search | The retirement decision in OECD countries |
title_full | The retirement decision in OECD countries by Sveinbjörn Blöndal and Stefano Scarpetta |
title_fullStr | The retirement decision in OECD countries by Sveinbjörn Blöndal and Stefano Scarpetta |
title_full_unstemmed | The retirement decision in OECD countries by Sveinbjörn Blöndal and Stefano Scarpetta |
title_short | The retirement decision in OECD countries |
title_sort | the retirement decision in oecd countries |
topic | OECD (DE-588)5157-3 gnd Incitation à la préretraite - Pays de l'Organisation de coopération et de développement économiques Pensionering gtt Retraite - Pays de l'Organisation de coopération et de développement économiques Revenu de retraite Revenu de retraite - Pays de l'Organisation de coopération et de développement économiques Sécurité sociale - Pays de l'Organisation de coopération et de développement économiques Travailleurs âgés - Retraite - Pays de l'Organisation de coopération et de développement économiques Vervroegde uittreding gtt Old age pensions OECD countries Pensions OECD countries Retirement Economic aspects OECD countries Retirement OECD countries Altersgrenze (DE-588)4139466-5 gnd Mitgliedsstaaten (DE-588)4170174-4 gnd |
topic_facet | OECD Incitation à la préretraite - Pays de l'Organisation de coopération et de développement économiques Pensionering Retraite - Pays de l'Organisation de coopération et de développement économiques Revenu de retraite Revenu de retraite - Pays de l'Organisation de coopération et de développement économiques Sécurité sociale - Pays de l'Organisation de coopération et de développement économiques Travailleurs âgés - Retraite - Pays de l'Organisation de coopération et de développement économiques Vervroegde uittreding Old age pensions OECD countries Pensions OECD countries Retirement Economic aspects OECD countries Retirement OECD countries Altersgrenze Mitgliedsstaaten |
url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=008189005&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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