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Effects of old-age insurance on female retirement : evidence from cross-country time-series data

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  • Richard L. Johnson

Abstract

I examine the effect of Old-Age Insurance (OAI) on older women?s labour-force participation in fourteen countries since around 1930. Older women?s participation has risen in the US, but has fallen over time in some European countries. The discontinuity of incentives at the state pension age helps separate OAI?s effects from those of social mores and husbands? retirements. Clear effects of OAI on female retirement emerge slowly in time series. I find that, were Germany to adopt the US Social Security system, the participation rate of German women aged 60-4 would increase by 7 percentage points.

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  • Richard L. Johnson, 2001. "Effects of old-age insurance on female retirement : evidence from cross-country time-series data," Research Working Paper RWP 01-08, Federal Reserve Bank of Kansas City.
    • Handle: RePEc:fip:fedkrw:rwp01-08
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    Cited by:

    1. Justina A. V. Fischer & Alfonso Sousa-Poza, 2009. "The Effect of Pension Generosity on Early Retirement: A Microdata Analysis for Europe from 1967 to 2004," Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim 311/2009, Department of Economics, University of Hohenheim, Germany.
    2. John Ameriks & Joseph Briggs & Andrew Caplin & Minjoon Lee & Matthew D. Shapiro & Christopher Tonetti, 2020. "Older Americans Would Work Longer If Jobs Were Flexible," American Economic Journal: Macroeconomics, American Economic Association, vol. 12(1), pages 174-209, January.
    3. Justina A.V. Fischer & Alfonso Sousa-Poza, 2006. "The Institutional Determinants of Early Retirement in Europe," University of St. Gallen Department of Economics working paper series 2006 2006-08, Department of Economics, University of St. Gallen.

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    Insurance; Retirement;

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