scholarly journals The Evolution of the Elderly Labor Force Participation and Retirement in Brazil

2018 ◽  
Author(s):  
Bernardo L Queiroz ◽  
Matheus L.A. Ferreira

In this paper, we investigate the length of retirement in a less developed economy with large public pension program, Brazil. We analyze the evolution of labor force participation and retirement since 1979 and estimate the expected length of retirement from 1979 to 2098 for both males and females. We use a stochastic model (Lee-Carter) to forecast labor force participation rates. Combining these estimates to UN mortality forecasts. We estimate the expected length of retirement. We find a steady decline in the labor force participation of young adults and elderly over time, mostly due to access to education and public pension programs, whereas for females we observed a constant increase for the prime-age women. Our findings also indicate that the expected length of retirement might increase from 10% to over 20% of Brazilian working lives, as people leave the labor force at early ages and live longer lives.

2020 ◽  
Vol 20 (03) ◽  
Author(s):  
Anna Fruttero ◽  
Daniel Gurara ◽  
Lisa Kolovich ◽  
Vivian Malta ◽  
Marina Mendes Tavares ◽  
...  

Despite the increase in female labor force participation over the past three decades, women still do not have the same opportunities as men to participate in economic activities in most countries. The average female labor force participation rate across countries is still 20 percentage points lower than the male rate, and gender gaps in wages and access to education persist. As shown by earlier work, including by the IMF, greater gender equality boosts economic growth and leads to better development and social outcomes. Gender equality is also one of the 17 United Nations Sustainable Development Goals that 193 countries committed to achieve by 2030.


2021 ◽  
Vol 11 (1) ◽  
Author(s):  
Michihito Ando ◽  
Masato Furuichi ◽  
Yoshihiro Kaneko

Abstract Although a public long-term care (LTC) program is a potentially important factor for the labor supply of female informal caregivers, there are only a handful of individual-level studies on this topic and the macro-level impacts of LTC programs are still largely unknown. Exploiting the introduction of nationwide long-term care insurance (LTCI) in Japan and utilizing a synthetic control method, we examine how LTCI introduction has altered the trends of public expenditures on in-kind benefits for the elderly, public health expenditure, and female labor force participation. The estimation results using the panel data of OECD countries (1980–2013) suggest that LTCI introduction substantially increased the in-kind benefits for the elderly by around one percentage point of GDP 10 years after LTCI introduction, but we do not find a positive effect on the labor force participation for middle-aged women. The fact that we do not observe any positive LTCI effects on middle-aged female labor force participation on a macro level implies that positive LTCI effects on female labor supply observed in some previous microlevel studies may be cancelled out by some other factors or are small enough to be detected under a general-equilibrium setting.


2017 ◽  
Vol 3 (1) ◽  
pp. 121 ◽  
Author(s):  
Bernardo Lanza Queiroz

This paper investigates the coverage of public pension programs in Latin America and discusses the relation between economic development, the existence of public pension programs, and elderly labor force participation. The paper presents stylized facts about the labor force by age and the connection between economic development and labor supply using aggregated data from 23 Latin American countries. The second part of the paper uses regression models to investigate the effects of economic development and social security system on the labor force participation of the older adults in 23 Latin American countries over the period 1990–2010. The results show that in lower income Latin American countries, most men remained in the labor force until age 65 or beyond and that with economic development and related changes, the labor force participation of older men, even those aged 55–59, starts to decline. Overall, the paper provides some insight on the evolution of labor supply patterns in less developed economies with rising income, changes in population age structure, shifts in occupational composition, and development in public pension programs.


2018 ◽  
Author(s):  
Takashi Oshio ◽  
Emiko Usui ◽  
Satoshi Shimizutani

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