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Pension reforms, longevity, and late-life employment : evidence from sixteen countries

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Tag12Valor
LDR  00000cab a22000004u 4500
001  MAP20260044538
003  MAP
005  20260731104945.0
008  260727s2026 nep|||| ||| ||eng d
040  ‎$b‎spa‎$a‎MAP‎$d‎MAP
084  ‎$a‎921.4
1001 ‎$0‎MAPA20260030135‎$a‎Mrohorolu, Selahattin
24510‎$a‎Pension reforms, longevity, and late-life employment‎$b‎: evidence from sixteen countries‎$c‎Selahattin mrohorolu; Zhixiu Yu
520  ‎$a‎Employment rates for workers aged 5564 increased by an average of 28.5 percentage points across sixteen countries between 2004 and 2019, reversing decades of decline. Using harmonized Health and Retirement Study data, this paper documents that employment gains concentrated among women, healthier individuals, and more educated workers, and occurred mainly at the extensive margin. Contrary to prior research, changes in weekly hours were mixed. We show that longevity improvements amplify pension reform effects: when survival probabilities rise, actuarial adjustments for delayed claiming provide higher benefits over longer periods, strengthening work incentives. Countries experiencing both pension reforms and substantial longevity gains saw employment increases 1520 percentage points larger than those with reforms alone. Our lifecycle framework formalizes this mechanism and predicts heterogeneity by demographics. Findings suggest that pension reform effectiveness depends critically on demographic context and that raising retirement ages is more effective than hours-flexibility policies.
522  ‎$a‎Internacional
650 4‎$0‎MAPA20080552114‎$a‎Pensiones
650 4‎$0‎MAPA20080554927‎$a‎Jubilación
650 4‎$0‎MAPA20080586300‎$a‎Mercado de trabajo
650 4‎$0‎MAPA20080586850‎$a‎Política económica
650 4‎$0‎MAPA20260030159‎$a‎Economía del envejecimiento
7001 ‎$0‎MAPA20260030142‎$a‎Yu, Zhixiu
7102 ‎$0‎MAPA20260008608‎$a‎Elsevier B.V.
7730 ‎$w‎MAP20210010194‎$g‎03/07/2026 Volumen 35 - 2026 ‎$t‎The Journal of the economics of ageing ‎$d‎Oxford : Elsevier ScienceDirect, 2021-
8564 ‎$u‎https://doi.org/10.1016/j.jeoa.2026.100659