In nearly every industrialized country, the population is ageing rapidly and individuals are living longer, demographic trends have strained the financial viability of many countries' social security systems. The financial strain has been compounded by another trend: workers are leaving the labour force at increasingly younger ages. What accounts for this striking decline in labour force participation? One explanation is that social security programmes actually provide incentives for early retirement. This text houses a set of papers that present information on the social security systems, and labour force participation patterns, in Belgium, Canada, France, Germany, Italy, Japan, The Netherlands, Spain, Sweden, the United Kingdom, and the United States.
Jonathan Gruber is a professor of economics at the Massachusetts Institute of Technology and director of research for the National Bureau of Economic Research's program on children. David A. Wise is the John F. Stambaugh Professor of Political Economy at the John F. Kennedy School of Government, Harvard University, and director of health and retirement programs at the National Bureau of Economic Research.
Introduction and Summary Jonathan Gruber and David A. Wise 1. Social Security and Retirement in Belgium Pierre Pestieau and Jean-Philippe Stijns 2. Social Security and Retirement in Canada Jonathan Gruber 3. Social Security and Retirement in France Didier Blanchet and Louis-Paul Pele 4. Social Security and Retirement in Germany Axel Boersch-Supan and Reinhold Schnabel 5. Social Security and Retirement in Italy Agar Brugiavini 6. Social Security and Retirement in Japan Naohiro Yashiro and Takashi Oshio 7. Social Security and Retirement in the Netherlands Arie Kapteyn and Klaas de Vos 8. Social Security and Retirement in Spain Michele Boldrin, Sergi Jimenez-Martin, and Franco Peracchi 9. Social Security, Occupational Pensions, and Retirement in Sweden Marten Palme and Ingemar Svensson 10. Pensions and Retirement in the United Kingdom Richard Blundell and Paul Johnson 11. Social Security and Retirement in the United States Peter Diamond and Jonathan Gruber