This PDF is a selection from an out-of-print volume from the National Bureau of Economic Research

Volume Title: Social Security and Retirement around the World

Volume Author/Editor: Jonathan Gruber and David A. Wise, editors

Volume Publisher: University of Chicago Press

Volume ISBN: 0-226-31011-6

Volume URL: http://www.nber.org/books/grub99-1

Publication Date: January 1999

Chapter Title: Front matter, table of contents, preface

Chapter Author: Jonathan Gruber, David A. Wise

Chapter URL: http://www.nber.org/chapters/c7246

Chapter pages in book: (p. -11 - 0)

This Page Intentionally Left Blank Social Security and Retirement around the World A National Bureau of Economic Research Conference Report Social Security and Retirement around the World

Edited by Jonathan Gruber and David A. Wise

The University of Chicago Press

Chicago and London JONATHAN GRUBERis professor of economics at the Massachusetts Insti- tute of Technology and director of the Children’s Program at the National Bureau of Economic Research. DAVIDA. WISE is the John F. Stambaugh Professor of Political Economy at the John F. Kennedy School of Govern- ment, Harvard University, and the director for Health and Retirement Programs at the National Bureau of Economic Research.

The University of Chicago Press, Chicago 60637 The University of Chicago Press, Ltd., London 0 1999 by the National Bureau of Economic Research All rights reserved. Published 1999 Printed in the United States of America 08070605040302010099 12345 ISBN: 0-226-3101 1-6 (cloth)

Library of Congress Cataloging-in-Publication Data

Social security and retirement around the world / edited by Jonathan Gruber and David A. Wise. p. cm. - (A National Bureau of Economic Research confer- ence report) Includes bibliographical references and index. ISBN 0-226-3101 1-6 (cloth) 1. Social security-Congresses. 2. Retirement income-Con- gresses. 3. Old age pensions-Congresses. 4. Aged-Economic conditions-Congresses. I. Gruber, Jonathan. 11. Wise, David A. 11. Series: Conference report (National Bureau of Economic Research) HD7090.S583 1999 368.4-dc21 98-22488 CIP

@ The paper used in this publication meets the minimum requirements of the American National Standard for Information Sciences-Permanence of Paper for Printed Library Materials, ANSI 239.48-1992. National Bureau of Economic Research

Officers John H. Biggs, chairman Sam Parker, director ofjinance and corporate Carl F. Christ, vice-chairman secretaly Martin Feldstein, president and chief Susan Colligan, assistant corporate secretary executive ofleer Deborah Mankiw, assistant corporate Gerald A. Polansky, treasurer secretary

Directors at Large

Peter C. Aldrich Martin Feldstein Robert T. Pany Elizabeth E. Bailey Stephen Friedman Peter G. Peterson John H. Biggs George Hatsopoulos Richard N. Rosett Andrew Brimmer Karen N. Horn Bert Seidman Carl F. Christ Lawrence R. Klein Kathleen P. Utgoff Don R. Conlan Leo Melamed Marina v. N. Whitman Kathleen B. Cooper Merton H. Miller John 0. Wilson George C. Eads Michael H. Moskow

Directors by University Appointment

George Akerlof, California, Berkeley Joel Mokyr, Northwestern Jagdish Bhagwati, Columbia Andrew Postlewaite, Pennsylvania William C. Brainard, Yale Nathan Rosenberg, Stanford Glen G. Cain, Wisconsin Harold T. Shapiro, Princeton Franklin Fisher, Massachusetts Institute Craig Swan, Minnesota of Technology David B. Yoffie, Harvard Saul H. Hymans, Michigan Arnold Zellner, Chicago Marjorie B. McElroy, Duke

Directors by Appointment of Other Organizations Marcel Boyer, Canadian Economics Rudolph A. Oswald, American Federation Association of Labor and Congress of Industrial Mark Drabenstott, American Agricultural Organizations Economics Association Gerald A. Polansky, American Institute William C. Dunkelberg, National Association of Certified Public Accountants of Business Economists John J. Siegfried, American Economic Gail D. Fosler, The Conference Board Association A. Ronald Gallant, American Statistical Josh S. Weston, Committee for Economic Association Development Robert S. Hamada, American Finance Gavin Wright, Economic History Association Association

Directors Emeriti

Moses Abramovitz Thomas D. Flynn Geoffrey H. Moore George T. Conklin, Jr. Franklin A. Lindsay James J. O’Leary Jean A. Crockett Paul W. McCracken Eli Shapiro

Since this volume is a record of conference proceedings, it has been exempted from the rules governing critical review of manuscripts by the Board of Directors of the National Bureau (resolu- tion adopted 8 June 1948, as revised 21 November 1949 and 20 April 1968). This Page Intentionally Left Blank Contents

Preface ix Introduction and Summary 1 Jonathan Gruber and David A. Wise

1. Social Security and Retirement in Belgium 37 Pierre Pestieau and Jean-Philippe Stijns

2. Social Security and Retirement in Canada 73 Jonathan Gruber

3. Social Security and Retirement in France 101 Didier Blanchet and Louis-Paul Pelt?

4. Social Security and Retirement in Germany 135 Axel Borsch-Supan and Reinhold Schnabel

5. Social Security and Retirement in Italy 181 Agar Brugiavini

6. Social Security and Retirement in Japan 239 Naohiro Yashiro and Takashi Oshio

7. Social Security and Retirement in the Netherlands 269 Arie Kapteyn and Klaas de Vos

8. Social Security and Retirement in Spain 305 Michele Boldrin, Sergi Jimenez-Martin, and Franco Peracchi vii viii Contents

9. Social Security, Occupational Pensions, and Retirement in Sweden 355 Maen Palme and lngemar Svensson 10. Pensions and Retirement in the United Kingdom 403 Richard Blundell and Paul Johnson 11. Social Security and Retirement in the United States 437 Peter Diamond and Jonathan Gruber Contributors 475 Author Index 477 Subject Index 48 1 Preface

This volume consists of papers presented at a conference held at ChPteau Beychevelle, Saint Julien, France, in May 1997. The papers are part of an on- going project on social security and labor supply organized through the Pro- gram on the Economics of Aging at the National Bureau of Economic Re- search. Funding for organizing the project was provided by National Institute on Aging grant P20-AG12810 to the National Bureau of Economic Research. Funding for individual papers is noted in specific paper acknowledgments. Any opinions expressed in this volume are those of the respective authors and do not necessarily reflect the views of the National Bureau of Economic Research or the sponsoring organization.

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