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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP14769 |
DP14769 Social Security, Labor Supply and Health of Older Workers: Quasi-Experimental Evidence from a Large Reform | |
Itay Saporta Eksten; Ity Shurtz; Sarit Weisburd | |
发表日期 | 2020-05-16 |
出版年 | 2020 |
语种 | 英语 |
摘要 | We study the effects of public pension systems on the retirement timing of older workers and, in turn, the health consequences of delaying retirement by those workers. Causal inference relies on a social security reform in Israel that shifted payments from husbands to their (non-working) wives, thereby substantially reducing the implied tax on the husband’s employment while keeping overall household wealth constant. Using administrative social security data, we estimate extensive-margin labor supply elasticities w.r.t. the average net-of-tax rate of about 0.43 for men over 65. Using the reform to instrument for employment, we find that working an additional full year at old age decreases longevity. This mortality effect occurs after age 75 and is driven by workers holding blue-collar jobs. Finally, we evaluate the effect of the reform on earnings. The results imply a small value for an additional year of life, suggesting that workers underestimate the health cost of employment at older ages. |
主题 | Labour Economics ; Public Economics |
关键词 | Labor supply Social security Tax reform Health Mortality |
URL | https://cepr.org/publications/dp14769 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543697 |
推荐引用方式 GB/T 7714 | Itay Saporta Eksten,Ity Shurtz,Sarit Weisburd. DP14769 Social Security, Labor Supply and Health of Older Workers: Quasi-Experimental Evidence from a Large Reform. 2020. |
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