Using International Micro Data to Learn About Individuals' Responses to Changes in Social Insurance

53 Pages Posted: 26 Nov 2008

See all articles by Michael D. Hurd

Michael D. Hurd

RAND Corporation; State University of New York at Stony Brook - College of Arts and Science - Department of Economics; National Bureau of Economic Research (NBER)

Pierre-Carl Michaud

University of Quebec at Montreal (UQAM) - Department of Economics; Centre Interuniversitaire sur le Risque, les Politiques Economiques et l'Emploi (CIRPÉE); RAND Corporation, Labor and Population; IZA Institute of Labor Economics; Netspar

Susann Rohwedder

RAND Corporation

Date Written: November 24, 2008

Abstract

In this paper the authors examine the scope of cross-country variation in institutions related to social insurance. Building on the variation they find they assess the value of new micro data that is comparable across countries to help identify key parameters of individual behavior. They present multiple aspects of labor force participation, including disability benefit receipt, as well as wealth accumulation and relate the resulting patterns to variation in institutions across countries. Finally, they study the relationship between wealth accumulation and the generosity of public pensions in more detail. The estimates imply that Social Security benefits displace private saving.

Keywords: aging, social insurance, international comparisons

JEL Classification: D10, D31, D91, J14, J22

Suggested Citation

Hurd, Michael D. and Michaud, Pierre-Carl and Rohwedder, Susann, Using International Micro Data to Learn About Individuals' Responses to Changes in Social Insurance (November 24, 2008). RAND Working Paper Series No. WR- 626, Available at SSRN: https://ssrn.com/abstract=1306754 or http://dx.doi.org/10.2139/ssrn.1306754

Michael D. Hurd (Contact Author)

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State University of New York at Stony Brook - College of Arts and Science - Department of Economics ( email )

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Pierre-Carl Michaud

University of Quebec at Montreal (UQAM) - Department of Economics ( email )

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Centre Interuniversitaire sur le Risque, les Politiques Economiques et l'Emploi (CIRPÉE) ( email )

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RAND Corporation, Labor and Population ( email )

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Susann Rohwedder

RAND Corporation ( email )

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