Jump to ContentJump to Main Navigation
Social Security Programs and Retirement Around the WorldDisability Insurance Programs and Retirement$
Users without a subscription are not able to see the full content.

David A. Wise

Print publication date: 2015

Print ISBN-13: 9780226262574

Published to Chicago Scholarship Online: May 2016

DOI: 10.7208/chicago/9780226262604.001.0001

Show Summary Details
Page of

PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2017. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use (for details see http://www.chicago.universitypressscholarship.com/page/privacy-policy).date: 11 December 2017

Health Status, Disability Insurance, and Incentives to Exit the Labor Force in Italy

Health Status, Disability Insurance, and Incentives to Exit the Labor Force in Italy

Evidence from SHARE

Chapter:
(p.411) 10 Health Status, Disability Insurance, and Incentives to Exit the Labor Force in Italy
Source:
Social Security Programs and Retirement Around the World
Author(s):

Agar Brugiavini

Franco Peracchi

Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226262604.003.0010

This chapter analyzes the retirement behavior of Italian employees by considering different pathways to retirement such as old age, early retirement and disability insurance. In particular, we focus on the role played by health conditions and socio-economic factors beyond and above the financial incentives associated to each pathway. These incentives are measured by the option value of working an extra year vis-à-vis leaving the labor force through one of the alternative routes. The Italian experience has been characterized for many years by a relevant early retirement option, but a renewed interest by workers for disability pensions could stem from the recent pension reforms, which introduced tighter eligibility criteria for early exits. The financial incentives of the different pathways are used in a dynamic way, controlling for health conditions measured by an overall health index. The econometric estimates are based on the SHARE data: we find that the recent reforms have induced some delay in the retirement decision and that health has important effects on the decision of working in old age.

Keywords:   pensions, social security, disability, early retirement, unemployment, labor force participation

Chicago Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.