CREMER, Helmuth; LOZACHMEUR, Jean-Marie; PESTIEAU, Pierre - Center for Operations Research and Econometrics (CORE), … - 2006
Social insurance for the elderly is judged responsible for the widely observed trend towards early retirement. In a world of laissez-faire or in a first-best setting, there would be no such trend. However, when first-best instruments are not available, because health and productivity are not...