Trends in Employment and Social Security Incentives in the Spanish Pension System: 1980-2016 / Pilar García-Gómez, Silvia Garcia-Mandicó, Sergi Jimenez-Martin, Judit Vall Castelló.

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García-Gómez, Pilar

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Material type: Text

TextSeries: Working Paper Series (National Bureau of Economic Research) ; no. w25367.Publication details: Cambridge, Mass. National Bureau of Economic Research 2018.Description: 1 online resource: illustrations (black and white)Subject(s):

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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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Item type	Home library	Collection	Call number	Status	Date due	Barcode	Item holds
Working Paper	Biblioteca Digital	Colección NBER	nber w25367 (Browse shelf(Opens below))	Not For Loan

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December 2018.

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.