A Life Cycle Model of Health and Retirement : The Case of Swedish Pension Reform

Laun, TobiasStockholm School of Economics,Handelshögskolan i Stockholm (författare)

LIBRIS-ID:oai:hhs.se:1155014860006056
https://research.hhs.se/esploro/outputs/workingPaper/A-Life-Cycle-Model-of-Health/991001480350406056URI

Ingår i avhandling 1. Essays on Macroeconomics and Health
In this paper we develop a life cycle model of labor supply and retirement to study the interactions between health and the labor supply behavior of older workers, in particular disability insurance and pension claiming. In our framework, individuals choose when to stop working and, given eligibility criteria, when/if to apply for disability and pension benefits. Individuals care about their health and can partially insure against health shocks by investing in health. We use the model to study the labor supply implications of the recent Swedish pension reform. We find that the new pension system creates big incentives for the continued employment of older workers. In particular, the model predicts an increase in the average retirement age of more than two years.

Wallenius, JohannaStockholm School of Economics,Handelshögskolan i Stockholm(Swepub:hhs)2386@hhs.se (författare)
Handelshögskolan i StockholmStockholm School of Economics (creator_code:org_t)

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