中文摘要
本文分析提高领取全额养老金待遇的法定退休年龄对中年个体及其配偶劳动参与的影响。识别依赖于双重差分设定,利用一项意料之外的养老金改革所导致的退休年龄资格的异质性提高。我们发现中年女性的参与率有所上升,并溢出至其丈夫的劳动供给,丈夫选择推迟退休。总体劳动供给反应对于提高退休年龄的养老金改革所伴随的财政外部性程度具有重要意义。
Abstract
This paper analyses the effects of increasing the statutory retirement age for claiming full pension benefits on the labour force participation of middle-aged individuals and their partners. Identification relies on a difference-in-differences setting that exploits the heterogeneous increase in age eligibility for retirement caused by an unexpected pension reform. We detect a rise in the participation rate of middle-aged women that spills over into the labour supply of their husbands, who choose to postpone their retirement. The overall labour supply response has important implications for the extent of the fiscal externality associated with pension reforms that increase the retirement age.