Working Paper: NBER ID: w21973
Authors: Pilar Garcagmez; Sergi Jimenez-Martin; Judit Vall Castell
Abstract: In a world with limited PAYGO financing possibilities this paper explores whether older Spanish individuals have the health capacity to work longer. For that purpose we use Milligan-Wise and Cutler-Meara Cutler-Meara- Richards-Shubik simulation methods. Our results suggest that Spanish workers have significant additional capacities to extend their working careers.
Keywords: health capacity; older workers; Spain; social security; employment
JEL Codes: I1; J11; J14; J82
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| mortality (I12) | health (I19) |
| health (I19) | employment probabilities (J68) |
| employment probabilities (J68) | working careers (J29) |
| mortality rates (I12) | employment rates (J68) |
| mortality (I12) | working careers (J29) |