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The determinants of male retirement in urban Brazil

Author

Listed:
  • Bernardo Lanza Queiroz

    (Cedeplar/UFMG)

Abstract
I use matched and unmatched PME data to study the determinants of male's retirement over the past two decades. The PME is a very rich source of data, although not very used. The matched data consists of a series of short panel data constructed by matching individual records across adjacent years of the PME. Some patterns I find are not surprising. For example, probability of being retired increases monotonically with age, and the strong dependence of labor transition on other individual characteristics such as education. Some other patterns are more interesting and surprising. The labor force participation rates of older workers in the main metropolitan areas are lower than what is observed in the rest of the country. The main explanation is that workers in the main metropolitan areas had earlier enrollment into the system and they also have better access to early retirement benefits. I also observed an inverse U-shaped relation between education and retirement. Less and more educated workers have similar retirement patterns during the period studied. Last, I find that more educated workers, and those in the formal sector, have higher retirement probabilities than less educated and those in the informal labor market.

Suggested Citation

  • Bernardo Lanza Queiroz, 2007. "The determinants of male retirement in urban Brazil," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 17(1), pages 11-36, January-A.
    • Handle: RePEc:nov:artigo:v:17:y:2007:i:1:p:11-36
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    References listed on IDEAS

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    Cited by:

    1. Queiroz, Bernardo L. & Souza, Laeticia R., 2017. "Retirement incentives and couple’s retirement decisions in Brazil," The Journal of the Economics of Ageing, Elsevier, vol. 9(C), pages 1-13.
    2. Aguila, Emma, 2014. "Male labor force participation and social security in Mexico," Journal of Pension Economics and Finance, Cambridge University Press, vol. 13(2), pages 145-171, April.
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    4. Bernardo Lanza Queiroz & Moema Gonçalves Bueno Figoli, 2011. "Population aging and the rising costs of public pension in Brazil," Textos para Discussão Cedeplar-UFMG td438, Cedeplar, Universidade Federal de Minas Gerais.
    5. Jerônimo Muniz & Stanley R. Bailey, 2022. "Does race response shift impact racial inequality?," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 47(30), pages 935-966.

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    More about this item

    Keywords

    retirement; labor force participation; social security systems; Brazil;
    All these keywords.

    JEL classification:

    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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