Labor supply and government programs: A cross-country analysis

• 成果类型: Article
• 署名作者: Erosa, Andres; Fuster, Luisa; Kambourov, Gueorgui
• 署名单位: University of Toronto; National Bureau of Economic Research
• 刊物名称: JOURNAL OF MONETARY ECONOMICS
• ISSN/ISSBN: 0304-3932
• DOI: 10.1016/j.jmoneco.2011.10.006
• 发表日期: 2012
• 页码: 84-107
• 关键词: Social Security; disability insurance; labor supply; Heterogeneity; life cycle

摘要

There are substantial cross-country differences in labor supply late in the life cycle (age 50+). A theory of labor supply and retirement decisions is developed to quantitatively assess the role of social security, disability insurance, and taxation for understanding differences in labor supply late in the life cycle across European countries and the United States. The findings support the view that government policies can go a long way towards accounting for the low labor supply late in the life cycle in the European countries relative to the United States, with social security rules accounting for the bulk of these effects. (C) 2011 Elsevier B.V. All rights reserved.