NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Working Papers by Didier Blanchet

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Working Papers

April 2014Retirement, Early Retirement and Disability: Explaining Labor Force Participation after 55 in France
with Luc Behaghel, Muriel Roger: w20030
We analyze the influence of health and financial incentives on the retirement behavior of older workers in France, building upon Stock and Wise (1990) option value approach. The model accounts for three main retirement routes: the normal retirement, disability insurance (DI) and unemployment/preretirement pathways, and is estimated with a combination of microeconomic datasets that include the French data of the European SHARE survey. The estimates confirm that a decrease in the generosity of the pension and DI schemes induces people to stay longer in the labor market, and that people with better health tend to retire later. We present extreme situations simulating what individual's retirement behavior would have been if only one retirement route had existed and in the absence of constra...

Forthcoming: Retirement, Early Retirement and Disability: Explaining Labor Force Participation after 55 in France, Luc Behaghel, Didier Blanchet, Muriel Roger. in Social Security Programs and Retirement Around the World: Disability Insurance Programs and Retirement, Wise. 2014

May 2011Disability and Social Security Reforms: The French Case
with Luc Behaghel, Thierry Debrand, Muriel Roger: w17055
The French pattern of early transitions out of employment is basically explained by the low age at “normal” retirement and by the importance of transitions through unemployment insurance and early-retirement schemes before access to normal retirement. These routes have exempted French workers from massively relying on disability motives for early exits, contrarily to the situation that prevails in some other countries where normal ages are high, unemployment benefits low and early-retirement schemes almost non-existent. Yet the role of disability remains interesting to examine in the French case, at least for prospective reasons in a context of decreasing generosity of other programs. The study of the past reforms of the pension system underlines that disability routes have often acted ...

Published: Disability and Social Security Reforms: The French Case, Luc Behaghel, Didier Blanchet, Thierry Debrand, Muriel Roger. in Social Security Programs and Retirement around the World: Historical Trends in Mortality and Health, Employment, and Disability Insurance Participation and Reforms, Wise. 2012

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