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The Effect of Removing Early Retirement on Mortality : una disposición poco equitativa, insuficiente y confusa

Recurso electrónico / Electronic resource
MARC record
Tag12Value
LDR  00000cam a22000004b 4500
001  MAP20220020435
003  MAP
005  20220711104908.0
008  220121s2022 esp|||| ||| ||spa d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎40
1001 ‎$0‎MAPA20220006897‎$a‎Bellés Obrero, Cristina
24513‎$a‎The Effect of Removing Early Retirement on Mortality‎$b‎: una disposición poco equitativa, insuficiente y confusa‎$c‎Cristina Bellés Obrero, Sergi Jiménez Martín, Han Ye
260  ‎$a‎Madrid‎$b‎FEDEA‎$c‎2022
300  ‎$a‎72 p.
520  ‎$a‎This paper sheds new light on the mortality effect of delaying retirement by investigating the Spanish 1967 pension reform that exogenously changed the early retirement age depending on the date individuals started contributing to the social security system. Those that contributed before January 1st, 1967, maintained the right to voluntarily retire early at age 60, while individuals who started contributing after could not voluntarily claim pension until age 65. Using the Spanish administrative social security data, we find that the reform delayed labor market exit by around half a year and increased the probability that individuals take up disability pensions, partial pensions, and no pensions. We show evidence that delaying existing employment increases the harzard of dying between ages 60 and 69. Heterogeneous analysis indicates that the negative impact is driven by those employed in low-skill, physically and psychosocially demanding jobs. Moreover, we show that allowing for flexible retirement schemes, such as partial retirement, mitigates the negative effect of delaying retirement on mortality.
650 4‎$0‎MAPA20080555306‎$a‎Mortalidad
650 4‎$0‎MAPA20080552114‎$a‎Pensiones
650 4‎$0‎MAPA20080554927‎$a‎Jubilación
650 4‎$0‎MAPA20080578107‎$a‎Seguridad Social
651 1‎$0‎MAPA20080637736‎$a‎España
7102 ‎$0‎MAPA20220000574‎$a‎FEDEA. Fundación de Estudios de Economía Aplicada