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 …

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 …

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 …

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