Labor Supply and Government Programs: A Cross-Country Analysis

Andres Erosa, Luisa Fuster and Gueorgui Kambourov

Working Papers from University of Toronto, Department of Economics

Abstract: 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.

Keywords: Social security; disability insurance; labor supply; heterogeneity; life cycle (search for similar items in EconPapers)
JEL-codes: D9 E2 E6 H2 H55 J2 (search for similar items in EconPapers)
Pages: Unknown pages
Date: 2011-11-15
New Economics Papers: this item is included in nep-age, nep-dge, nep-eur, nep-lab and nep-lma
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Labor supply and government programs: A cross-country analysis (2012)
Working Paper: Labor supply and government programs: A cross-country analysis (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:tor:tecipa:tecipa-442

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