Social Security Reform in Advanced Countries: Evaluating Pension Finance

By Toshihiro Ihori; Toshiaki Tachibanaki | Go to book overview

ulation indicates that overall labor force participation might have been decreased by 2-3 percentage points. This clearly illustrates the impact on financial incentives in influencing labor force participation of elderly persons.


Notes
1
This is part of the project Ageing Economic Society funded by the Economic and Social Research Institute, Government of Japan, and we gratefully acknowledge generous support.
2
Source: Brchure from the Swedish pension authorities. http://www.pension.nu/pdf_nya/spraken/engelska.pdf
3
A more detailed description of the assumptions underlying the calculated replacement ratios is given in Box III.1, OECD (1998:17).
4
Workers were generally entitled to unemployment insurance for 1 year and 9 months.

References
Brinch, C., Hernæs E., and Strøm, S. (2001) "Labour supply effects of an early retirement program," CESifo Working Paper 463.
Haugen, F. "Insentivvirkninger av skatte-og pensjonsregler," (2000) Arbeidsnotat 2/2000, Frischsenteret, Oslo.
Haugen, F. and Røed, K. (2001) "Early retirement and economic incentives - evidence from a quasi-natural experiment in Norway," Memoranda, University of Oslo.
Lassila, J. and Valkonen, T. (2000) "Prefunding in a defined benefit pension system - the Finnish Case," Discussion Paper 741, The Research Institute of the Finnish Economy.
Lilja, R. (1996) "Microeconomic analysis of early retirement in Finland," in E. Wadensjö (ed.), Leaving the Labour Market Early in the Welfare State - Development over Time, in part 2 of E. Wadensjö (ed.), The Nordic Labour Markets in the 1990s , North-Holland: Elsevier, 157-73.
Lumsdaine, Robin L. and Mitchell, Olivia S. (1999) "New developments in the economic analysis of retirement," in O. Ashenfelter and D. Card (eds) Handbook of Labor Economics, Vol. 3, Elsevier Science B. V.
NOS (1991-2000) "Labour Market Statistics," Norway: Statistics.
NOU (1998) "Fleksibel pensjonering," NOU 1998:19.
NOU (1998) "Fondering av Folketrygden?," NOU 1998:10.
OECD (1998) "The retirement decision in OECD countries," Economics Department Working Paper, 202, Paris: OECD.
OECD (2000) "OECD Employment Outlook," Paris: OECD.
Palme, M. and Svensson, I. (1999) "Social security programs and retirement in Sweden," in J. Gruber and D. Wise "Social security programs and retirement around the world," NBER Conference Report, Chicago University Press.
Pedersen P. J. and Smith, N. (1996) "Duration analysis of the decision to retire early," in E. Wadensjö (ed.), Leaving the Labour Market Early in the Welfare State-Development over Time, in part 2 of E. Wadensjö (ed.), The Nordic Labour Markets in the 1990s, North Holland: Elsevier, 131-55.

-233-

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