Social security and retirement around the world: Lessons from a long-term collaboration
Publication date
2025-01
Authors
Coile, Courtney
Wise, David
Börsch-Supan, Axel
Gruber, Jonathan
Milligan, Kevin
Woodbury, Richard
Baker, Michael
Banks, James
Behaghel, Luc
Ben Salem, Melika
Editors
Advisors
Supervisors
Document Type
Article
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Abstract
Declining labor force participation of older men throughout the 20th century and recent increases in participation have generated substantial interest in understanding the effect of public pensions on retirement. The National Bureau of Economic Research's International Social Security (ISS) Project, a long-term collaboration among researchers in a dozen developed countries, has explored this and related questions. The project employs a harmonized approach to conduct within-country analyses that are combined for meaningful cross-country comparisons. The key lesson is that the choices of policy makers affect the incentive to work at older ages and these incentives have important effects on retirement behavior.
Keywords
labor force participation, older workers, public pensions, retirement, social security, Finance, Economics and Econometrics, Organizational Behavior and Human Resource Management
Citation
Coile, C, Wise, D, Börsch-Supan, A, Gruber, J, Milligan, K, Woodbury, R, Baker, M, Banks, J, Behaghel, L, Ben Salem, M, Bingley, P, Blanchet, D, Blundell, R, Boldrín, M, Bozio, A, Brugiavini, A, Bucher-Koenen, T, Buia, R E, Caroli, E, Debrand, T, Dellis, A, Desmet, R, De Vos, K, Diamond, P, Emmerson, C, Ferrari, I, Fraikin, A L, Fujii, M, García-Gómez, P, Garcia-Mandicó, S, Goll, N, Gupta, N D, Jiménez-Martín, S, Johansson, P, Johnson, P, Jørgensen, M, Jousten, A, Jürges, H, Kallestrup-Lamb, M, Kalwij, A, Kapteyn, A, Kohnz, S, Laun, L, Lefebvre, M, Mahieu, R, Mastrobuoni, G, Meghir, C, Oishi, A, Oshio, T, Palme, M, Pasini, G, Pedersen, P, Pelé, L P, Peracchi, F, Perelman, S, Pestieau, P, Prost, C, Rabaté, S, Rausch, J, Roger, M, Schirle, T, Schnabel, R, Schuth, M, Shimizutani, S, Smith, S, Stijns, J P, Sturrock, D, Svensson, I, Tetlow, G, Thiel, L, Tô, M, Tréguier, J, Usui, E, Vall-Castelló, J, Walraet, E, Weber, G & Yashiro, N 2025, 'Social security and retirement around the world : Lessons from a long-term collaboration', Journal of Pension Economics and Finance, vol. 24, no. 1, pp. 8-30. https://doi.org/10.1017/S1474747223000215