Social security and retirement around the world: lessons from a long-term collaboration

Courtney Coile; David Wise; Axel Börsch-Supan; Jonathan Gruber; Kevin Milligan; Richard Woodbury; Michael Baker; James Banks; Luc Behaghel; Melika Ben Salem; Paul Bingley; Didier Blanchet; Richard Blundell; Michele Boldrín; Antoine Bozio; Agar Brugiavini; Tabea Bucher-Koenen; Raluca Elena Buia; Eve Caroli; Thierry Debrand; Arnaud Dellis; Raphaël Desmet; Klaas de Vos; Peter Diamond; Carl Emmerson; Irene Ferrari; Anne Lore Fraikin; Mayu Fujii; Pilar García-Gómez; Sílvia Garcia-Mandicó; Nicolas Goll; Nabanita Datta Gupta; Sergi Jiménez-Martín; Per Johansson; Paul Johnson; Michael Jørgensen; Alain Jousten; Hendrik Jürges; Malene Kallestrup-Lamb; Adriaan Kalwij; Arie Kapteyn; Simone Kohnz; Lisa Laun; Mathieu Lefebvre; Ronan Mahieu; Giovanni Mastrobuoni; Costas Meghir; Akiko Oishi; Takashi Oshio; Mårten Palme; Giacomo Pasini; Peder Pedersen; Louis Paul Pelé; Franco Peracchi; Sergio Perelman; Pierre Pestieau; Corinne Prost; Simon Rabaté; Johannes Rausch; Muriel Roger; Tammy Schirle; Reinhold Schnabel; Morten Schuth; Satoshi Shimizutani; Sarah Smith; Jean Philippe Stijns; David Sturrock; Ingemar Svensson; Gemma Tetlow; Lars Thiel; Maxime Tô; Julie Tréguier; Emiko Usui; Judit Vall-Castelló; Emmanuelle Walraet; Guglielmo Weber; Naohiro Yashiro

doi:10.1017/S1474747223000215

Social security and retirement around the world: lessons from a long-term collaboration

Courtney Coile
, David Wise
, Axel Börsch-Supan
, Jonathan Gruber
, Kevin Milligan
, Richard Woodbury
, Michael Baker
, James Banks
, Luc Behaghel
, Melika Ben Salem
, Paul Bingley
, Didier Blanchet
, Richard Blundell
, Michele Boldrín
, Antoine Bozio
, Agar Brugiavini
, Tabea Bucher-Koenen
, Raluca Elena Buia
, Eve Caroli
, Thierry Debrand

Arnaud Dellis, Raphaël Desmet, Klaas de Vos, Peter Diamond, Carl Emmerson, Irene Ferrari, Anne Lore Fraikin, Mayu Fujii, Pilar García-Gómez, Sílvia Garcia-Mandicó, Nicolas Goll, Nabanita Datta Gupta, Sergi Jiménez-Martín, Per Johansson, Paul Johnson, Michael Jørgensen, Alain Jousten, Hendrik Jürges, Malene Kallestrup-Lamb, Adriaan Kalwij, Arie Kapteyn, Simone Kohnz, Lisa Laun, Mathieu Lefebvre, Ronan Mahieu, Giovanni Mastrobuoni, Costas Meghir, Akiko Oishi, Takashi Oshio, Mårten Palme, Giacomo Pasini, Peder Pedersen, Louis Paul Pelé, Franco Peracchi, Sergio Perelman, Pierre Pestieau, Corinne Prost, Simon Rabaté, Johannes Rausch, Muriel Roger, Tammy Schirle, Reinhold Schnabel, Morten Schuth, Satoshi Shimizutani, Sarah Smith, Jean Philippe Stijns, David Sturrock, Ingemar Svensson, Gemma Tetlow, Lars Thiel, Maxime Tô, Julie Tréguier, Emiko Usui, Judit Vall-Castelló, Emmanuelle Walraet, Guglielmo Weber, Naohiro Yashiro

Research output: Contribution to journal › Article › peer-review

2 Scopus citations

Abstract

Declining labor force participation of older men throughout the 20th century and recent increases in participation have generated substantial interest in understanding the effect of public pensions on retirement. The National Bureau of Economic Research’s International Social Security (ISS) Project, a long-term collaboration among researchers in a dozen developed countries, has explored this and related questions. The project employs a harmonized approach to conduct within-country analyses that are combined for meaningful cross-country comparisons. The key lesson is that the choices of policy makers affect the incentive to work at older ages and these incentives have important effects on retirement behavior.

Original language	English
Pages (from-to)	8-30
Number of pages	23
Journal	Journal of Pension Economics and Finance
Volume	24
Issue number	1
DOIs	https://doi.org/10.1017/S1474747223000215
State	Published - Jan 2025

Keywords

labor force participation
older workers
public pensions
retirement
social security

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10.1017/S1474747223000215

Cite this

Coile, C., Wise, D., Börsch-Supan, A., Gruber, J., Milligan, K., Woodbury, R., Baker, M., Banks, J., Behaghel, L., Salem, M. B., Bingley, P., Blanchet, D., Blundell, R., Boldrín, M., Bozio, A., Brugiavini, A., Bucher-Koenen, T., Buia, R. E., Caroli, E., ... Yashiro, N. (2025). Social security and retirement around the world: lessons from a long-term collaboration. Journal of Pension Economics and Finance, 24(1), 8-30. https://doi.org/10.1017/S1474747223000215

@article{ba1c73e8ca7e494bb86fb95986bb1511,

title = "Social security and retirement around the world: lessons from a long-term collaboration",

abstract = "Declining labor force participation of older men throughout the 20th century and recent increases in participation have generated substantial interest in understanding the effect of public pensions on retirement. The National Bureau of Economic Research{\textquoteright}s International Social Security (ISS) Project, a long-term collaboration among researchers in a dozen developed countries, has explored this and related questions. The project employs a harmonized approach to conduct within-country analyses that are combined for meaningful cross-country comparisons. The key lesson is that the choices of policy makers affect the incentive to work at older ages and these incentives have important effects on retirement behavior.",

keywords = "labor force participation, older workers, public pensions, retirement, social security",

author = "Courtney Coile and David Wise and Axel B{\"o}rsch-Supan and Jonathan Gruber and Kevin Milligan and Richard Woodbury and Michael Baker and James Banks and Luc Behaghel and Salem, \{Melika Ben\} and Paul Bingley and Didier Blanchet and Richard Blundell and Michele Boldr{\'i}n and Antoine Bozio and Agar Brugiavini and Tabea Bucher-Koenen and Buia, \{Raluca Elena\} and Eve Caroli and Thierry Debrand and Arnaud Dellis and Rapha{\"e}l Desmet and \{de Vos\}, Klaas and Peter Diamond and Carl Emmerson and Irene Ferrari and Fraikin, \{Anne Lore\} and Mayu Fujii and Pilar Garc{\'i}a-G{\'o}mez and S{\'i}lvia Garcia-Mandic{\'o} and Nicolas Goll and Gupta, \{Nabanita Datta\} and Sergi Jim{\'e}nez-Mart{\'i}n and Per Johansson and Paul Johnson and Michael J{\o}rgensen and Alain Jousten and Hendrik J{\"u}rges and Malene Kallestrup-Lamb and Adriaan Kalwij and Arie Kapteyn and Simone Kohnz and Lisa Laun and Mathieu Lefebvre and Ronan Mahieu and Giovanni Mastrobuoni and Costas Meghir and Akiko Oishi and Takashi Oshio and M{\aa}rten Palme and Giacomo Pasini and Peder Pedersen and Pel{\'e}, \{Louis Paul\} and Franco Peracchi and Sergio Perelman and Pierre Pestieau and Corinne Prost and Simon Rabat{\'e} and Johannes Rausch and Muriel Roger and Tammy Schirle and Reinhold Schnabel and Morten Schuth and Satoshi Shimizutani and Sarah Smith and Stijns, \{Jean Philippe\} and David Sturrock and Ingemar Svensson and Gemma Tetlow and Lars Thiel and Maxime T{\^o} and Julie Tr{\'e}guier and Emiko Usui and Judit Vall-Castell{\'o} and Emmanuelle Walraet and Guglielmo Weber and Naohiro Yashiro",

note = "Publisher Copyright: {\textcopyright} The Author(s), 2024.",

year = "2025",

month = jan,

doi = "10.1017/S1474747223000215",

language = "English",

volume = "24",

pages = "8--30",

journal = "Journal of Pension Economics and Finance",

issn = "1474-7472",

number = "1",

}

Coile, C, Wise, D, Börsch-Supan, A, Gruber, J, Milligan, K, Woodbury, R, Baker, M, Banks, J, Behaghel, L, Salem, MB, Bingley, P, Blanchet, D, Blundell, R, Boldrín, M, Bozio, A, Brugiavini, A, Bucher-Koenen, T, Buia, RE, Caroli, E, Debrand, T, Dellis, A, Desmet, R, de Vos, K, Diamond, P, Emmerson, C, Ferrari, I, Fraikin, AL, Fujii, M, García-Gómez, P, Garcia-Mandicó, S, Goll, N, Gupta, ND, Jiménez-Martín, S, Johansson, P, Johnson, P, Jørgensen, M, Jousten, A, Jürges, H, Kallestrup-Lamb, M, Kalwij, A, Kapteyn, A, Kohnz, S, Laun, L, Lefebvre, M, Mahieu, R, Mastrobuoni, G, Meghir, C, Oishi, A, Oshio, T, Palme, M, Pasini, G, Pedersen, P, Pelé, LP, Peracchi, F, Perelman, S, Pestieau, P, Prost, C, Rabaté, S, Rausch, J, Roger, M, Schirle, T, Schnabel, R, Schuth, M, Shimizutani, S, Smith, S, Stijns, JP, Sturrock, D, Svensson, I, Tetlow, G, Thiel, L, Tô, M, Tréguier, J, Usui, E, Vall-Castelló, J, Walraet, E, Weber, G & Yashiro, N 2025, 'Social security and retirement around the world: lessons from a long-term collaboration', Journal of Pension Economics and Finance, vol. 24, no. 1, pp. 8-30. https://doi.org/10.1017/S1474747223000215

TY - JOUR

T1 - Social security and retirement around the world

T2 - lessons from a long-term collaboration

AU - Coile, Courtney

AU - Wise, David

AU - Börsch-Supan, Axel

AU - Gruber, Jonathan

AU - Milligan, Kevin

AU - Woodbury, Richard

AU - Baker, Michael

AU - Banks, James

AU - Behaghel, Luc

AU - Salem, Melika Ben

AU - Bingley, Paul

AU - Blanchet, Didier

AU - Blundell, Richard

AU - Boldrín, Michele

AU - Bozio, Antoine

AU - Brugiavini, Agar

AU - Bucher-Koenen, Tabea

AU - Buia, Raluca Elena

AU - Caroli, Eve

AU - Debrand, Thierry

AU - Dellis, Arnaud

AU - Desmet, Raphaël

AU - de Vos, Klaas

AU - Diamond, Peter

AU - Emmerson, Carl

AU - Ferrari, Irene

AU - Fraikin, Anne Lore

AU - Fujii, Mayu

AU - García-Gómez, Pilar

AU - Garcia-Mandicó, Sílvia

AU - Goll, Nicolas

AU - Gupta, Nabanita Datta

AU - Jiménez-Martín, Sergi

AU - Johansson, Per

AU - Johnson, Paul

AU - Jørgensen, Michael

AU - Jousten, Alain

AU - Jürges, Hendrik

AU - Kallestrup-Lamb, Malene

AU - Kalwij, Adriaan

AU - Kapteyn, Arie

AU - Kohnz, Simone

AU - Laun, Lisa

AU - Lefebvre, Mathieu

AU - Mahieu, Ronan

AU - Mastrobuoni, Giovanni

AU - Meghir, Costas

AU - Oishi, Akiko

AU - Oshio, Takashi

AU - Palme, Mårten

AU - Pasini, Giacomo

AU - Pedersen, Peder

AU - Pelé, Louis Paul

AU - Peracchi, Franco

AU - Perelman, Sergio

AU - Pestieau, Pierre

AU - Prost, Corinne

AU - Rabaté, Simon

AU - Rausch, Johannes

AU - Roger, Muriel

AU - Schirle, Tammy

AU - Schnabel, Reinhold

AU - Schuth, Morten

AU - Shimizutani, Satoshi

AU - Smith, Sarah

AU - Stijns, Jean Philippe

AU - Sturrock, David

AU - Svensson, Ingemar

AU - Tetlow, Gemma

AU - Thiel, Lars

AU - Tô, Maxime

AU - Tréguier, Julie

AU - Usui, Emiko

AU - Vall-Castelló, Judit

AU - Walraet, Emmanuelle

AU - Weber, Guglielmo

AU - Yashiro, Naohiro

PY - 2025/1

Y1 - 2025/1

N2 - Declining labor force participation of older men throughout the 20th century and recent increases in participation have generated substantial interest in understanding the effect of public pensions on retirement. The National Bureau of Economic Research’s International Social Security (ISS) Project, a long-term collaboration among researchers in a dozen developed countries, has explored this and related questions. The project employs a harmonized approach to conduct within-country analyses that are combined for meaningful cross-country comparisons. The key lesson is that the choices of policy makers affect the incentive to work at older ages and these incentives have important effects on retirement behavior.

AB - Declining labor force participation of older men throughout the 20th century and recent increases in participation have generated substantial interest in understanding the effect of public pensions on retirement. The National Bureau of Economic Research’s International Social Security (ISS) Project, a long-term collaboration among researchers in a dozen developed countries, has explored this and related questions. The project employs a harmonized approach to conduct within-country analyses that are combined for meaningful cross-country comparisons. The key lesson is that the choices of policy makers affect the incentive to work at older ages and these incentives have important effects on retirement behavior.

KW - labor force participation

KW - older workers

KW - public pensions

KW - retirement

KW - social security

UR - https://www.scopus.com/pages/publications/85192080498

U2 - 10.1017/S1474747223000215

DO - 10.1017/S1474747223000215

M3 - Article

AN - SCOPUS:85192080498

SN - 1474-7472

VL - 24

SP - 8

EP - 30

JO - Journal of Pension Economics and Finance

JF - Journal of Pension Economics and Finance

IS - 1

ER -

Social security and retirement around the world: lessons from a long-term collaboration

Abstract

Keywords

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