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

Retirement, Early Retirement, and Disability

Retirement, Early Retirement, and Disability

Explaining Labor Force Participation after Fifty-Five in France

Chapter:
(p.251) 6 Retirement, Early Retirement, and Disability
Source:
Social Security Programs and Retirement Around the World
Author(s):

Luc Behaghel

Didier Blanchet

Muriel Roger

Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226262604.003.0006

We analyze the influence of health and financial incentives on the retirement behavior of older workers in France, building upon the Stock and Wise (1990) option value approach. The model accounts for three main retirement routes: normal retirement, disability insurance (DI), and unemployment/preretirement pathways, and is estimated with a combination of microeconomic datasets that include the French data of the European SHARE survey. The estimates confirm that a decrease in the generosity of the pension and DI schemes induces people to stay longer in the labor market, and that people with better health tend to retire later. We present extreme situations simulating what an individual's retirement behavior would have been if only one retirement route had existed and in the absence of constraints on work capabilities. We show that average years of work between 55 and 64 are nearly 14% greater when regular retirement incentives are applied to the whole population than when it is DI rules that are systematically applied.

Keywords:   health, disability, retirement

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.