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Social Security Programs and Retirement around the WorldMicro-Estimation$
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Jonathan Gruber and David A. Wise

Print publication date: 2004

Print ISBN-13: 9780226310183

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226309989.001.0001

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Micro-Modeling of Retirement Behavior in Spain

Micro-Modeling of Retirement Behavior in Spain

(p.499) 9 Micro-Modeling of Retirement Behavior in Spain
Social Security Programs and Retirement around the World

Michele Boldrin

Sergi Jiménez-Martín,

Franco Peracchi

University of Chicago Press

This chapter uses micro-data to model retirement behavior in Spain. Section 9.2 provides an overview of the technical rules underlying the Spanish public pension system. Section 9.3 describes the micro-economic data set, illustrates its main limitations, and outlines the steps taken to overcome such limitations. Section 9.4 characterizes the sample distribution of earnings and estimated projections. Section 9.5 uses such projections to compute the various measures of retirement incentives used in this study. Such retirement incentive measures are the inputs for the estimation of the retirement models, which is undertaken in Section 9.6. Section 9.7 studies three simple policy reforms and evaluates their differential impact upon the retirement incentives. Section 9.8 briefly concludes.

Keywords:   Spanish pension system, retirement, public pensions

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