Business cycle and spillover effects on pre-retirement behavior in Spain

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dc.contributor.author	Jimenez-Martin, Sergi
dc.contributor.author	Vall Castelló, Judit
dc.date	2013
dc.identifier.citation	Jimenez-Martin S, Vall Castello J. Business cycle and spillover effects on pre-retirement behavior in Spain. IZA Journal of European Labor Studies. 2013; 2: 8. DOI 10.1186/2193-9012-2-8
dc.identifier.citation	2193-9012
dc.identifier.citation	http://dx.doi.org/10.1186/2193-9012-2-8
dc.identifier.uri	http://hdl.handle.net/10230/23212
dc.format	application/pdf
dc.language.iso	eng
dc.publisher	SpringerOpen
dc.relation	IZA Journal of European Labor Studies. 2013; 2: 8
dc.relation	info:eu-repo/grantAgreement/ES/3PN/ECO2008-06395
dc.relation	info:eu-repo/grantAgreement/ES/3PN/ECO2011-30323
dc.rights	info:eu-repo/semantics/openAccess
dc.rights	© 2013 Jimenez-Martin and Castello; licensee Springer. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/2.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
dc.rights	http://creativecommons.org/licenses/by/2.0
dc.subject	Mercat de treball -- Espanya -- S. XXI
dc.subject	Prejubilació
dc.subject	Spillover effects
dc.subject	Business cycle conditions
dc.subject	Disability benefits
dc.title	Business cycle and spillover effects on pre-retirement behavior in Spain
dc.type	info:eu-repo/semantics/article
dc.type	info:eu-repo/semantics/publishedVersion
dc.description.abstract	We test the hypothesis that exits from the labor market for pre-retirement individuals in Spain respond mainly to economic conditions and to incentives by analyzing two effects. First, we test the existence of spillover effects from a reform of the old-age pension system on transitions from employment to disability, unemployment and inactivity. We exploit the fact that the reform only affected individuals that had contributed between 15 and 25 years to the Social Security. Second, we estimate the effect of business cycle (BC) conditions at the local, sector and national level on these transitions. We find that both factors affect the exit timing and the choice of route out of the labor market. JEL classification: J21, J22, R23
dc.description.abstract	Financial help from projects ECO2008-06395-C05-01 and ECO2011-30323-C03-02 is gratefully acknowledged. Vall Castello also thanks the financial help received from the Centre Cournot for Economic Research

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