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dc.titleThe Role of Pension Systems in Retirement across Development
dc.contributor.authorBosch, Mariano
dc.contributor.authorRojas Valero, Paola Nelly
dc.contributor.orgunitVice Presidency for Sectors and Knowledge
dc.date.available2026-04-01T00:04:00
dc.date.issue2026-04-01T00:04:00
dc.description.abstractUsing census microdata from 78 countries, we study how pension systems shape labor supply at older ages. While male employment rates are similar in midlife, they diverge sharply later in life: by age 75, 54% of men remain employed in low-income countries compared with 8% in high-income ones, with even larger gaps among those with lower education. Patterns for women are similar. Exploiting variation in retirement ages and pension coverage, we find that a 10-percentage-point increase in coverage reduces post-retirement employment by 2.1 percentage points. Limited pension access keeps many lower educated workers from retiring, driving global disparities in late-life employment.
dc.format.extent38
dc.identifier.doihttp://dx.doi.org/10.18235/0014017
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/The-Role-of-Pension-Systems-in-Retirement-across-Development.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.subjectPopulation Aging
dc.subjectLabor Market
dc.subjectPension Systems
dc.subjectIncome Distribution
dc.subjectWomen
dc.subjectEconomic Development
dc.subjectLabor Force
dc.subjectGross Domestic Product
dc.subjectLabor Supply
dc.subjectHealth
dc.subject.jelcodeD14 - Household Saving; Personal Finance
dc.subject.jelcodeJ14 - Economics of the Elderly • Economics of the Handicapped • Non-Labor Market Discrimination
dc.subject.jelcodeH55 - Social Security and Public Pensions
dc.subject.jelcodeJ26 - Retirement • Retirement Policies
dc.subject.jelcodeJ32 - Nonwage Labor Costs and Benefits • Retirement Plans • Private Pensions
dc.typeWorking Papers
idb.identifier.pubnumberIDB-WP-01813
idb.operationRG-E1979
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