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In the face of the substantial ageing of population expected to occur in OECD countries over coming decades, policies that boost labour-force participation attract considerable interest. There remain large cross-country divergences in participation rates that are largely accounted for by...
Persistent link: https://www.econbiz.de/10005046125
. With an already low effective retirement age, additional early permanent exit from the labour market needs to be … step in the right direction, but the old–age retirement system should be further adjusted to lower fiscal costs, raise the … minimum retirement age and increase work incentives for older individuals. This Working Paper relates to the 2010 Economic …
Persistent link: https://www.econbiz.de/10008587586
downturns. In particular, early retirement incentives embedded in old-age pension schemes and other social transfer programmes …
Persistent link: https://www.econbiz.de/10009146866
system needs to be reformed by removing incentives for early retirement and facilitating gradual exits from the labour force …
Persistent link: https://www.econbiz.de/10005034050
This paper provides new projections on the fiscal impact of age-related spending for OECD countries over the next half century. These results are based on national models using an agreed upon set of assumptions about macroeconomic and demographic developments for all countries. Recent reforms to...
Persistent link: https://www.econbiz.de/10005045648
While employment growth has accelerated, allowing unemployment to fall significantly since 2005, many low-skilled workers are still unemployed and the duration of unemployment spells is still long. The introduction of an in-work benefit for workers in low-income households, subject to a minimum...
Persistent link: https://www.econbiz.de/10005045686
High levels of unemployment and rising social charges have lead to considerable pressure on labour markets to adjust. Major steps in labour market reform have been implemented over the last three years. These need to be followed up in several respects in order to raise the economy’s capacity...
Persistent link: https://www.econbiz.de/10005045708
An overlapping-generations model with search unemployment is calibrated for the Netherlands to assess the impact of tax-benefit reforms on labour supply. Several reforms are analysed, in particular the introduction of a flat tax and pension reforms. The model demonstrates the potential of these...
Persistent link: https://www.econbiz.de/10005045727
flexible retirement age based on actuarially fair notional accounts and the strength of the link between income and benefits … welfare spending. For the proposals to have maximum impact, public subsidies to existing early retirement schemes should be …
Persistent link: https://www.econbiz.de/10005045856
In Finland, as in most OECD countries, the ageing of the population is one of the major long-term policy challenges. This paper first explores the scale of the demographic changes in Finland, the relevant institutions and their effect on the decision to retire. In light of the increase in the...
Persistent link: https://www.econbiz.de/10005045862