David A. Wise (ed.)
- Published in print:
- 2012
- Published Online:
- September 2013
- ISBN:
- 9780226903095
- eISBN:
- 9780226921952
- Item type:
- book
- Publisher:
- University of Chicago Press
- DOI:
- 10.7208/chicago/9780226921952.001.0001
- Subject:
- Economics and Finance, Public and Welfare
In nearly every industrialized country, large aging populations and increased life expectancy have placed enormous pressure on social security programs—and, until recently, the pressure has been ...
More
In nearly every industrialized country, large aging populations and increased life expectancy have placed enormous pressure on social security programs—and, until recently, the pressure has been compounded by a trend toward retirement at an earlier age. With a larger fraction of the population receiving benefits, in the coming decades social security in many countries may have to be reformed in order to remain financially viable. This book offers a cross-country analysis of the effects of disability insurance programs on labor force participation by older workers. Drawing on measures of health that are comparable across countries, the authors explore the extent to which differences in the labor force are determined by disability insurance programs and the extent to which disability insurance reforms are prompted by the circumstances of a country’s elderly population.Less
In nearly every industrialized country, large aging populations and increased life expectancy have placed enormous pressure on social security programs—and, until recently, the pressure has been compounded by a trend toward retirement at an earlier age. With a larger fraction of the population receiving benefits, in the coming decades social security in many countries may have to be reformed in order to remain financially viable. This book offers a cross-country analysis of the effects of disability insurance programs on labor force participation by older workers. Drawing on measures of health that are comparable across countries, the authors explore the extent to which differences in the labor force are determined by disability insurance programs and the extent to which disability insurance reforms are prompted by the circumstances of a country’s elderly population.
Adriaan Kalwij, Arie Kapteyn, and Klaas de Vos
- Published in print:
- 2019
- Published Online:
- September 2020
- ISBN:
- 9780226619293
- eISBN:
- 9780226619323
- Item type:
- chapter
- Publisher:
- University of Chicago Press
- DOI:
- 10.7208/chicago/9780226619323.003.0009
- Subject:
- Economics and Finance, Public and Welfare
Labor force participation at older ages has been rising in the Netherlands since the mid-1990s. Reforms of the social security and pension systems have often been put forward as main explanations for ...
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Labor force participation at older ages has been rising in the Netherlands since the mid-1990s. Reforms of the social security and pension systems have often been put forward as main explanations for this rise. However, participation rates above the normal retirement age of 65 have almost tripled for men and quadrupled for women despite the fact that at those ages reforms are unlikely to have had much impact. This suggests other factors may have played an important role in this rise as well. In addition to the effects of reforms in social security and pension systems, this chapter examines the importance for men’s labor force participation at older ages of improved health, increased levels of education, and differences in skills across cohorts, as the older cohorts moved into retirement, such that workers’ characteristics better matched labor demand. These changes on the labor supply side are likely to have contributed to the success of the reforms since the mid-1990s and to have had a large independent impact on men’s labor force participation at older ages.Less
Labor force participation at older ages has been rising in the Netherlands since the mid-1990s. Reforms of the social security and pension systems have often been put forward as main explanations for this rise. However, participation rates above the normal retirement age of 65 have almost tripled for men and quadrupled for women despite the fact that at those ages reforms are unlikely to have had much impact. This suggests other factors may have played an important role in this rise as well. In addition to the effects of reforms in social security and pension systems, this chapter examines the importance for men’s labor force participation at older ages of improved health, increased levels of education, and differences in skills across cohorts, as the older cohorts moved into retirement, such that workers’ characteristics better matched labor demand. These changes on the labor supply side are likely to have contributed to the success of the reforms since the mid-1990s and to have had a large independent impact on men’s labor force participation at older ages.
