García-Gómez, Pilar. <br/><br/>
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. 
 - Cambridge, Mass.  National Bureau of Economic Research  2018. 
 - 1 online resource:  illustrations (black and white); 
 - NBER working paper series  no. w25367 .
 - Working Paper Series (National Bureau of Economic Research)  no. w25367. .
<br/><br/> December 2018. 
<br/><br/> 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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