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- OECD Journal: Economic Studies
- 1609-7491 (online)
- 0255-0822 (print)
OECD Economic Studies is the twice-yearly journal of the OECD Economics Department. It features articles in the area of applied macroeconomics and statistical analysis, generally with an international or cross-country dimension. Articles are derived from work of the Organization’s intergovernmental committees, including areas of work outside the Economics Department’s focus. Now published as a part of the OECD Journal.
Retirement Behaviour in OECD Countries
Impact of Old-Age Pension Schemes and other Social Transfer Programmes
- Romain Duval
- 09 July 2004
- Bibliographic information
This paper examines the impact of old-age pension systems and other social transfer programmes on the retirement decision of older males in OECD countries. For each of the 55-59, 60-64 and 65+ age groups, a new panel dataset of retirement incentives embedded in those schemes is constructed, focusing mainly on the implicit tax rate on continued work. These currently differ widely across OECD countries: they are high in most Continental European Countries, compared with Japan, Korea, English-speaking and Nordic countries. Simple cross-country correlations and panel data econometric estimates both show that implicit taxes on continued work have sizeable effects on the departure of older male workers from the labour force ...