(UM09-16) - International comparisons: The Effect of Policy on Work, Disability and Wealth
Pierre-Carl Michaud, Michael Hurd and Susann Rohwedder
While prior research has established the relationship in Europe between the structure of the public pension system and retirement behavior, other types of important analyses have been hindered because of noncomparability of data sets across countries. We propose to use ELSA, SHARE and HRS to study the effect of national policy on a number of important outcomes. We will quantify aspects of public policy that are important for retirement, disability and saving across countries. We will repeat earlier analyses of retirement, taking advantage of harmonized data, both cross-section and panel; we will find the relationship between features of the public disability program such as generosity and strictness of enrollment, and the rate of enrollment; and we will estimate the amount of displacement of private saving by the generosity of the public pension program.