Pension Arrangements and Retirement Choices in Europe: A Comparison of the British, Danish and German Systems
ENEPRI Research Paper No. 5
52 Pages Posted: 16 Feb 2012
Date Written: February 1, 2005
Abstract
This paper develops a general equilibrium simulation model of a heterogeneous population in which both consumption/saving and labor/leisure choices are endogenous. The authors use it to explore the effects of the different state benefit systems on the labor supply of old and older workers in Denmark, Germany and the UK. In broad terms, they find that differences in labor force participation can be accounted for by the differences in benefit structures. These conclusions are not altered when they allow for the effects of poor health at different ages. The UK system is found to be preferable by young persons while the German arrangement is preferred by old and older people (who make up the majority in the simulated population).
Keywords: pension, retirement, Europe, UK, Denmark, Germany, labor force, health, aging
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
Social Security and Retirement
By Courtney Coile and Jonathan Gruber
-
Social Security and Retirement
By Courtney Coile and Jonathan Gruber
-
Social Security and Retirement in the U.S
By Peter A. Diamond and Jonathan Gruber
-
Social Security Programs and Retirement Around the World: Micro Estimation
By Jonathan Gruber and David A. Wise
-
Pensions, the Option Value of Work, and Retirement
By James H. Stock and David A. Wise
-
By Jonathan Gruber and David A. Wise
-
Social Security Programs and Retirement Around the World: Introduction and Summary of Papers by..
By Jonathan Gruber and David A. Wise
-
The Social Security Early Entitlement Age in a Structural Model of Retirement and Wealth
-
Delays in Claiming Social Security Benefits
By Courtney Coile, Peter A. Diamond, ...