Introduction to "Social Security Programs and Retirement Around the World: Disability Insurance Programs and Retirement"
Chapter in NBER book Social Security Programs and Retirement Around the World: Disability Insurance Programs and Retirement (2016), David A. Wise, editor (p. 1 - 44)
This is the sixth phase of a project on Social Security Programs and Retirement Around the World. The first phase described the retirement incentives in plan provisions and the strong relationship across countries between incentives to retire and the proportion of older persons out of the labor force. The second phase documented the large effects that changing plan provisions would have on the labor force participation of older workers. The third phase demonstrated the fiscal implications of extending labor force participation on net program costs—reducing benefit payments and increasing tax revenues. The fourth phase analyzed the relationship between the labor force participation of older and younger persons in twelve countries and found no evidence that increasing employment of older persons will reduce employment opportunities or increase unemployment for youth. The fifth phase on "Historical Trends in Mortality and Health, Employment, and Disability Insurance Participation and Reforms" sets the stage for this volume, which focuses on DI programs while extending the methodology to study retirement behavior to focus on the effects of DI programs. This volume asks: given health status, to what extent are differences in labor force participation across countries determined by the provisions of disability insurance programs?
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This paper was revised on December 31, 2014