inducing a worker to retire at an official retirement age. …

This paper studies the design of retirement and disability policies. It illustrates the often observed exit from the … social welfare. Benefits depend on retirement age and on the (reported) health status. We determine first- and second …-best optimal benefit levels and retirement ages and focus on the distortions which may be induced in the individuals’ retirement …

The present Paper studies the retirement incentives for elderly people in Belgium. We model the incentive structure … built into the various public early retirement and retirement systems. First, we compute indicators of benefit entitlement … exceptionally rich and broad database, we are able to compute a rather accurate measure of all individuals’ pension wealth, as well …

This paper studies the role of wage and pension pressures in explaining the budget deficit crisis of 1991–2 after the … pension system in a context of uncertainty about profits and productivity and of strong popular support for the protection of …

spouse is not employed. Observed covariates, including wages and retirement benefits, help to explain these patterns, but …

life of an individual has two 'endings': an official retirement age at which he starts drawing pension benefits (while …In many countries pension systems involve some form of earnings test; i.e., an individual’s benefits are reduced if he … has labour income. This paper examines whether or not such earning tests emerge when pension system and income tax are …

Social insurance for the elderly is judged responsible for the widely observed trend towards early retirement. In a … distortion on the retirement decision. The main point we make is that while there is no doubt that retirement systems induce an … political support for the pension system itself. …

Private pension provision faces the challenging task of providing stable income streams during retirement. The … pension: the Personal Pension with Risk sharing (PPR). By unbundling and valuing the investment, (dis)saving, insurance and … same time accommodating the diverse traditions of countries in terms of occupational pension provision. Finally, the PPR …