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Labor Supply and the Pension-Contribution Link / Eric French, Attila S. Lindner, Cormac O'Dea, Tom A. Zawisza.
- Format:
- Book
- Author/Creator:
- French, Eric.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w30184.
- NBER working paper series no. w30184
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2022.
- Summary:
- We estimate the impact of public pension systems on labor supply far from the normal retirement age by exploiting Poland's switch from a Defined Benefit to a Notional Defined Contribution scheme for men born after 1948. Using the universe of taxpayers and this sharp cohort-based discontinuity in the link between current contributions and future benefits, we estimate an employment elasticity with respect to the return to work of 0.44 for ages 51-54. We estimate a lifecycle model that matches these results. The model implies that the change in the contribution-benefit link from the reform increases employment among those in their 30s but decreases it at older ages, reducing overall labor supply across the lifecycle by 2 months.
- Notes:
- Print version record
- June 2022.
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