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Updated: Mar 31, 2026

Following the Dynamics of Structural Variants in Experimentally Evolved Populations
Published on: February 3, 2023
POLICY VARIATION, LABOR SUPPLY ELASTICITIES, AND A STRUCTURAL MODEL OF RETIREMENT
Day Manoli1, Kathleen J Mullen2, Mathis Wagner3
1Department 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.
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.
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