Trends in Employment and Social Security Incentives in the Spanish Pension System: 1980-2016

47 Pages Posted: 17 Dec 2018

See all articles by Pilar Garcia-Gomez

Pilar Garcia-Gomez

Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)

Silvia Garcia-Mandicó

Erasmus University Rotterdam (EUR) - Department of Applied Economics

Sergi Jimenez-Martin

Universitat Pompeu Fabra - Faculty of Economic and Business Sciences

Judit Vall Castelló

Universitat Pompeu Fabra - Center for Research in Health and Economics (CRES)

Date Written: December 2018

Abstract

In this paper, we analyze the association between financial incentives and retirement decisions using aggregate data for over four decades in Spain. We calculate an implicit tax rate on remaining in employment for an additional year and examine its correlation with employment rates for older workers. The results suggest that financial incentives play a role in explaining the retirement patterns of both employed and unemployed workers.

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Suggested Citation

Garcia Gomez, Pilar and Garcia-Mandicó, Silvia and Jimenez-Martin, Sergi and Castelló, Judit Vall, Trends in Employment and Social Security Incentives in the Spanish Pension System: 1980-2016 (December 2018). NBER Working Paper No. w25367. Available at SSRN: https://ssrn.com/abstract=3302546

Pilar Garcia Gomez (Contact Author)

Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE) ( email )

P.O. Box 1738
3000 DR Rotterdam, NL 3062 PA
Netherlands

Silvia Garcia-Mandicó

Erasmus University Rotterdam (EUR) - Department of Applied Economics ( email )

Netherlands

Sergi Jimenez-Martin

Universitat Pompeu Fabra - Faculty of Economic and Business Sciences ( email )

Ramon Trias Fargas 25-27
Barcelona, 08005
Spain
(34) 93 542 16 67 (Phone)
(34) 93 542 17 46 (Fax)

Judit Vall Castelló

Universitat Pompeu Fabra - Center for Research in Health and Economics (CRES) ( email )

Ramon Trias Fargas, 25-27
Barcelona, 08005
Spain

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