Effects of Future Pension Benefits on Pre-retirement Labor Supply: Evidence from Chile

n this paper, I estimate the effect of future pension benefits on pre-retirement labor supply for a representative sample of Chilean workers. Using non-linear patterns in pension benefit formulas and a reform that changed non-contributory pensions, I estimate the effect of pension accrual and expect...

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Autores:
Becerra, Oscar
Tipo de recurso:
Work document
Fecha de publicación:
2018
Institución:
Universidad de los Andes
Repositorio:
Séneca: repositorio Uniandes
Idioma:
spa
OAI Identifier:
oai:repositorio.uniandes.edu.co:1992/41054
Acceso en línea:
http://hdl.handle.net/1992/41054
Palabra clave:
Labor supply
pension benefits
financial literacy
J26, J32, H21
Rights
openAccess
License
http://creativecommons.org/licenses/by-nc-nd/4.0/
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spelling Al consultar y hacer uso de este recurso, está aceptando las condiciones de uso establecidas por los autores.http://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Becerra, Oscarf88795a4-347c-4b5e-a4bc-23d7216a6bd74002020-07-28T17:15:55Z2020-07-28T17:15:55Z20181657-5334http://hdl.handle.net/1992/410541657-719110.57784/1992/41054instname:Universidad de los Andesreponame:Repositorio Institucional Sénecarepourl:https://repositorio.uniandes.edu.co/n this paper, I estimate the effect of future pension benefits on pre-retirement labor supply for a representative sample of Chilean workers. Using non-linear patterns in pension benefit formulas and a reform that changed non-contributory pensions, I estimate the effect of pension accrual and expected pension wealth on labor force and contributory-sector participation, labor earnings, and hours worked. I find that the effect is related to the impact of pension accrual on the probability to contribute to the pension system. The effect is heterogeneous, and is concentrated among middle-age workers, low-skilled workers, workers with no savings, and workers with higher financial literacy.37 páginasspaUniversidad de los Andes, Facultad de Economía, CEDEDocumentos CEDE No. 55 Noviembre de 2018https://ideas.repec.org/p/col/000089/016965.htmlEffects of Future Pension Benefits on Pre-retirement Labor Supply: Evidence from ChileDocumento de trabajoinfo:eu-repo/semantics/workingPaperhttp://purl.org/coar/resource_type/c_8042http://purl.org/coar/version/c_970fb48d4fbd8a85Texthttps://purl.org/redcol/resource_type/WPLabor supplypension benefitsfinancial literacyJ26, J32, H21Facultad de EconomíaPublicationTHUMBNAILdcede2018-55.pdf.jpgdcede2018-55.pdf.jpgIM Thumbnailimage/jpeg10813https://repositorio.uniandes.edu.co/bitstreams/89d8d9c4-132e-4916-9c99-290c4d27a2f5/downloadd2a6e68721d1e1a0918a59dc0fa5923bMD55ORIGINALdcede2018-55.pdfdcede2018-55.pdfapplication/pdf510943https://repositorio.uniandes.edu.co/bitstreams/68313523-83a7-4cbd-bf76-33eb500753ce/downloadd21362c2af8c017cfce7ab51acddd70bMD51TEXTdcede2018-55.pdf.txtdcede2018-55.pdf.txtExtracted texttext/plain74562https://repositorio.uniandes.edu.co/bitstreams/da694666-01d8-4839-b1f2-1968e2c970b5/downloadf266ae8e211d5c5fb99015dfab945aeeMD541992/41054oai:repositorio.uniandes.edu.co:1992/410542024-06-04 15:40:00.574http://creativecommons.org/licenses/by-nc-nd/4.0/open.accesshttps://repositorio.uniandes.edu.coRepositorio institucional Sénecaadminrepositorio@uniandes.edu.co
dc.title.none.fl_str_mv Effects of Future Pension Benefits on Pre-retirement Labor Supply: Evidence from Chile
title Effects of Future Pension Benefits on Pre-retirement Labor Supply: Evidence from Chile
spellingShingle Effects of Future Pension Benefits on Pre-retirement Labor Supply: Evidence from Chile
Labor supply
pension benefits
financial literacy
J26, J32, H21
title_short Effects of Future Pension Benefits on Pre-retirement Labor Supply: Evidence from Chile
title_full Effects of Future Pension Benefits on Pre-retirement Labor Supply: Evidence from Chile
title_fullStr Effects of Future Pension Benefits on Pre-retirement Labor Supply: Evidence from Chile
title_full_unstemmed Effects of Future Pension Benefits on Pre-retirement Labor Supply: Evidence from Chile
title_sort Effects of Future Pension Benefits on Pre-retirement Labor Supply: Evidence from Chile
dc.creator.fl_str_mv Becerra, Oscar
dc.contributor.author.none.fl_str_mv Becerra, Oscar
dc.subject.keyword.none.fl_str_mv Labor supply
pension benefits
financial literacy
topic Labor supply
pension benefits
financial literacy
J26, J32, H21
dc.subject.jel.none.fl_str_mv J26, J32, H21
description n this paper, I estimate the effect of future pension benefits on pre-retirement labor supply for a representative sample of Chilean workers. Using non-linear patterns in pension benefit formulas and a reform that changed non-contributory pensions, I estimate the effect of pension accrual and expected pension wealth on labor force and contributory-sector participation, labor earnings, and hours worked. I find that the effect is related to the impact of pension accrual on the probability to contribute to the pension system. The effect is heterogeneous, and is concentrated among middle-age workers, low-skilled workers, workers with no savings, and workers with higher financial literacy.
publishDate 2018
dc.date.issued.none.fl_str_mv 2018
dc.date.accessioned.none.fl_str_mv 2020-07-28T17:15:55Z
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dc.relation.ispartofseries.none.fl_str_mv Documentos CEDE No. 55 Noviembre de 2018
dc.relation.repec.spa.fl_str_mv https://ideas.repec.org/p/col/000089/016965.html
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dc.format.extent.none.fl_str_mv 37 páginas
dc.publisher.none.fl_str_mv Universidad de los Andes, Facultad de Economía, CEDE
publisher.none.fl_str_mv Universidad de los Andes, Facultad de Economía, CEDE
institution Universidad de los Andes
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