title: POLICY VARIATION, LABOR SUPPLY ELASTICITIES, AND A STRUCTURAL MODEL OF RETIREMENT.
abstract: This paper exploits a combination of policy variation from multiple pension reforms in Austria and administrative data from the Austrian Social Security Database. Using the policy changes for identification, we estimate social security wealth and accrual elasticities in individuals' retirement decisions. Next, we use these elasticities to estimate a dynamic programming model of retirement decisions. Finally, we use the estimated model to examine the labor supply and welfare consequences of potential social security reforms.
authors.affiliation: Department of Economics, University of Texas at Austin, Austin, TX 78712; NBER, Cambridge, MA 02138. Phone 510-684-8978, Fax 510-684-8978, dsmanoli@austin.utexas.edu.
authors.forename: Day
authors.initials: D
authors.lastname: Manoli
authors.affiliation: RAND, Santa Monica, CA 90407-2138; IZA, Bonn, 53113, Germany. Phone 310-393-0411 x6265, Fax 310-260-8156, kmullen@rand.org.
authors.forename: Kathleen J
authors.initials: KJ
authors.lastname: Mullen
authors.affiliation: Department of Economics, Boston College, Boston, MA 02467. Phone 773-396-7897, Fax 773-396-7897, mathis.wagner@bc.edu.
authors.forename: Mathis
authors.initials: M
authors.lastname: Wagner