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 …-employment. First, it makes jobs more attractive, as they are free of tax. Second, because re-employment will be short-lived, a pension …

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 …-free. Second, the short job duration before retirement implies that the budgetary return and search incentives associated with the …

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 …

work relative to retirement. We here use two European panel datasets to first show that psychological well-being (measured …

adults work some fraction of the old-age, whatever the retirement age is fixed or chosen by the agents. …

How does the retirement age affect the physical and mental health of seniors? We identify this effect based on the 1993 … reform of the French pension system, which was heterogeneously introduced among the population. With each cohort, the French … pension and the number of reference earning years taken to calculate pensions. We use a unique database on health and …

We use a US Social Security reform as a quasi-experiment to provide evidence on framing effects in retirement behavior …. The reform increased the full retirement age (FRA) from 65 to 66 in two month increments per year of birth for cohorts … with the FRA. Results on self-reported retirement and exit from employment are less clear-cut, but go in the same direction …

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 …-free. Second, the short job duration before retirement implies that the budgetary return and search incentives associated with the …

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 …-free. Second, the short job duration before retirement implies that the budgetary return and search incentives associated with the …

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 …