How does the retirement age affect the physical and mental health of seniors? We identify this effect based on the 1993 … potential influence of health on employment choices, we show that retirement improves physical and social health. The more … pension and the number of reference earning years taken to calculate pensions. We use a unique database on health and …

are tremendous. As the baby boom generation grows older, it is doubtful that ever-longer retirement will continue to be …). Nevertheless, as today's workers evaluate their own retirement security, and as policymakers and business leaders assess the … health issues. Finding ways to retain older workers, offering re-training and re-deployment if necessary, would make much …

for a job. This is because of the short time-horizon of workers close to retirement. We propose to introduce a pension tax … pension tax allows those workers near retirement who still do not exercise job search to smooth their consumption during their …

-free. Second, the short job duration before retirement implies that the budgetary return and search incentives associated with the …. Finally, even in the special case where search intensity is zero close to retirement, perfect risk-sharing across unemployment … and retirement is welfare-improving thanks to the pension tax …

the retirement decision in an economy with risky lifetime, and compare the laissez-faire with egalitarian social optima … retirement age, unlike the ex ante egalitarian optimum. This result is robust to the introduction of unequal life expectancies … and unequal productivities. Hence, the postponement of the retirement age can, quite surprisingly, be defended on …