the situation that prevails in some other countries where normal ages are high, unemployment benefits low and early-retirement … invalidity benefits seem to match changes in pension schemes or controls more than changes in such health indicators as the …The French pattern of early transitions out of employment is basically explained by the low age at “normal” retirement …

the retirement decision in an economy with risky lifetime, and compare the laissez-faire with egalitarian social optima …. We consider two social objectives: (1) the maximin on expected lifetime welfare (ex ante), allowing for a compensation … for unequal life expectancies; (2) the maximin on realized lifetime welfare (ex post), allowing for a compensation for …

in the birth rate. Optimal pension and retirement age policies have been characterized in a dynamic framework. We have … considered a mixed pension scheme that is fully funded, but offers agents an actuarially fair choice on their retirement age. We … show that this mixed pension scheme makes it possible to implement the optimal solution. The numerical simulations describe …

In 1982, the French socialist government lead by Pierre Mauroy reduced the legal age of retirement for both men and … the Thomas Act that introduced retirement savings plan, but the law was never enforced because of the political change in … June 1997, and was formally abrogated in 2002. Amazingly there seems be a 10 years cycle in French pension system reforms …

effect on unemployment if benefits are not overly generous. The main effect would be a reallocation of labor from wage into … unemployment and three employment sectors: formal and informal wage employment, and self employment. The parameters of the model … self employment while increasing average wages in the formal and informal sectors. …

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 …). When unemployment benefits are the only available tool, the insurance agency is not able to induce older workers to search …

pension tax instead of wage tax. First, the pension tax provides greater incentives as the value of re-employment is tax … are more remote and therefore more heavily-discounted: for them the wage tax is more efficient than is the pension tax … and retirement is welfare-improving thanks to the pension tax …

pension tax instead of wage tax. First, the pension tax provides greater incentives as the value of re-employment is tax … are more remote and therefore more heavily-discounted: for them the wage tax is more efficient than is the pension tax … and retirement is welfare-improving thanks to the pension tax …

pension tax instead of wage tax. First, the pension tax provides greater incentives as the value of re-employment is tax … are more remote and therefore more heavily-discounted: for them the wage tax is more efficient than is the pension tax … and retirement is welfare-improving thanks to the pension tax …

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 …). When unemployment benefits are the only available tool, the insurance agency is not able to induce older workers to search …