We document the presence of a trade-off between unemployment benefits (UB) and employment protection legislation (EPL) in the provision of insurance against labor market risk. Different countries' locations along this trade-off represent stable, hard to modify, politico-economic equilibria. We...

We document the presence of a trade-o. between unemployment benefits (UB) and employment protection legislation (EPL) in the provision of insurance against labor market risk. Di.erent countries’ locations along this trade-o. represent stable, hard to modify, politico-economic equilibria. We...

We document the presence of a trade-off between unemployment benefits (UB) and employment protection legislation (EPL) in the provision of insurance against labour market risk. The mix of quantity and price protective measures adopted by the various countries would seem to correspond to a stable...

We provide a long term perspective on the individual retirement behavior and on the future of early retirement. In a cross-country sample, we find that total pension spending depends positively on the degree of early retirement and on the share of elderly in the population, which increase the...

Early retirement represents a policy response to the appearance of a mass of redundant middle- aged workers, who were not entitled to a pension transfer in their old age. This policy is distortionary, since it reduces the incentive to accumulate human capital, and thus decreases economic growth....

This paper argues that social security enjoys wider political support than other welfare programs because: (i) retirees constitute the most homogeneous voting group,\ and (ii) the intragenerational redistribution component of social security induces low-income young to support this system. In a...

Generous early retirement provisions account for a large proportion of the drop in the labor force participation of elderly workers. The aim of this paper is to provide a positive theory of early retirement. We suggest that the political support for generous early retirement provisions relies...

Employment protection legislations (EPL) are not enforced uniformly across the board. There are a number of exemptions to the coverage of these provisions: firms below a given threshold scale and workers with temporary contracts are not subject to the most restrictive provisions. This within...

El objetivo principal de este artículo es realizar un análisis de los distintos modelos de Estado de Bienestar en Europa. En primer lugar, utilizando una metodología puramente estadística, clasificamos los distintos modelos en función no sólo del grado de generosidad de los distintos...

Existe una duda razonable de que los países de la OCDE puedan seguir pagando pensiones de una cuantía suficiente a los ciudadanos que se jubilen en las próximas décadas. La dinámica demográfica del envejecimiento de la población (con espectaculares aumentos en la esperanza de vida) y la...