Ranzani, Marco (2006): Social Security and Labour Supply: the Italian 1992 Reform as a Natural Experiment.
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This paper provides new evidence about the effects of economic incentives embedded in the Italian Social Security system on retirement decisions. The 1992 reform is an interesting example since it was implemented when: (a) the system was very generous to retirees; (b) the demographic context was dramatic;(c) an early retirement provision, and no actuarial fairness, distorted retirement choices. I use the reform as a natural experiment and exploit its differential effect on individuals belonging to different groups, namely blue- and white-collar workers. I find evidence that Social Security wealth has a larger impact on retirement choices compared to estimates in previous studies.
|Item Type:||MPRA Paper|
|Original Title:||Social Security and Labour Supply: the Italian 1992 Reform as a Natural Experiment|
|Keywords:||Social Security Wealth; Retirement, Natural Experiment.|
|Subjects:||J - Labor and Demographic Economics > J1 - Demographic Economics > J14 - Economics of the Elderly ; Economics of the Handicapped ; Non-Labor Market Discrimination
C - Mathematical and Quantitative Methods > C9 - Design of Experiments > C90 - General
J - Labor and Demographic Economics > J2 - Demand and Supply of Labor > J26 - Retirement ; Retirement Policies
|Depositing User:||Marco Ranzani|
|Date Deposited:||03. Aug 2009 05:40|
|Last Modified:||23. Feb 2015 16:16|
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