The effect of social security, health, demography and technology on retirement

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dc.contributor.authorMARCELO RODRIGUES DOS SANTOS
dc.contributor.authorFerreira, Pedro Cavalcanti
dc.coverage.paisNão Informadopt_BR
dc.creatorFerreira, Pedro Cavalcanti
dc.date.accessioned2022-10-31T16:16:34Z
dc.date.available2022-10-31T16:16:34Z
dc.date.issued2013
dc.description.otherThis article studies the determinants of the labor force participation of the elderly and investigates the factors that may account for the increase in retirement in the second half of the last century. We develop a lifecycle general equilibrium model with endogenous retirement that embeds Social Security legislation and Medicare. Individuals are ex ante heterogeneous with respect to their preferences for leisure and face uncertainty about labor productivity, health status and out-of-pocket medical expenses. The model is calibrated to the U.S. economy in 2000 and is able to reproduce very closely the retirement behavior of the American population. It reproduces the peaks in the distribution of Social Security applications at ages 62 and 65 and the observed facts that low earners and unhealthy individuals retire earlier. It also matches very closely the increase in retirement from 1950 to 2000. Changes in Social Security policy – which became much more generous – and the introduction of Medicare account for most of the expansion of retirement. In contrast, the isolated impact of the increase in longevity was a delaying of retirement.pt_BR
dc.format.extentp. 350–370pt_BR
dc.format.mediumDigitalpt_BR
dc.identifier.doihttp://dx.doi.org/10.1016/j.red.2013.01.003pt_BR
dc.identifier.issn1094-2025pt_BR
dc.identifier.urihttps://repositorio.insper.edu.br/handle/11224/4578
dc.identifier.volume16pt_BR
dc.language.isoInglêspt_BR
dc.publisherElsevierpt_BR
dc.relation.ispartofReview of Economic Dynamicspt_BR
dc.rights.licenseO INSPER E ESTE REPOSITÓRIO NÃO DETÊM OS DIREITOS DE USO E REPRODUÇÃO DOS CONTEÚDOS AQUI REGISTRADOS. É RESPONSABILIDADE DO USUÁRIO VERIFICAR OS USOS PERMITIDOS NA FONTE ORIGINAL, RESPEITANDO-SE OS DIREITOS DE AUTOR OU EDITOR.pt_BR
dc.subject.keywordsRetirementpt_BR
dc.subject.keywordsSocial securitypt_BR
dc.subject.keywordsHealth shockspt_BR
dc.subject.keywordsMedicarept_BR
dc.subject.keywordsAging populationpt_BR
dc.titleThe effect of social security, health, demography and technology on retirementpt_BR
dc.typejournal article
dspace.entity.typePublication
local.identifier.sourceUrihttps://www.sciencedirect.com/science/article/pii/S1094202513000057?via%3Dihub
local.subject.cnpqCiências Sociais Aplicadaspt_BR
local.subject.cnpqMultidisciplinarpt_BR
local.typeArtigo Científicopt_BR
relation.isAuthorOfPublicationf5092fc6-447e-42ae-b50c-f7a691a5c9a5
relation.isAuthorOfPublication.latestForDiscoveryf5092fc6-447e-42ae-b50c-f7a691a5c9a5

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