This paper studies the optimal unemployment insurance for older workers in a repeated principal-agent model, where the …). When unemployment benefits are the only available tool, the insurance agency is not able to induce older workers to search … for a job. This is because of the short time-horizon of workers close to retirement. We propose to introduce a pension tax …

. Finally, even in the special case where search intensity is zero close to retirement, perfect risk-sharing across unemployment …At the end of working life, as well as reducing unemployment benefits, the unemployment-insurance agency could apply …-free. Second, the short job duration before retirement implies that the budgetary return and search incentives associated with the …

This paper studies the optimal unemployment insurance for older workers in a repeated principal-agent model, where the …). When unemployment benefits are the only available tool, the insurance agency is not able to induce older workers to search … for a job. This is because of the short time-horizon of workers close to retirement. We propose to introduce a pension tax …

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

Earlier studies conclude that spouses time their retirement closely together. Here, we exploit early retirement age … legislation to identify the effect of own and spousal retirement on spouses' hours of work. The sample for the analysis includes … over 85000 French couples. We conclude that hours of work fall significantly upon own and partner's retirement, for both …

The economic litterature on retirement argues that individuals in a couple tend to retire at a choice time because of … upon retiring. Exploiting the law on early retirement age in France, we use a regression discontinuity approach to identify … the causal effect of retirement on hours of leisure, separate and together, of the man and woman in a couple. We use a …

Earlier literature has investigated the drop in household consumption upon retirement of the head of the household, the … so-called "retirement consumption puzzle". Here, we expand on these studies by considering also retirement of the wife … approach to estimate the effect of each partner's retirement on household consumption. We use for the analysis data drawn from …

This paper studies the optimal unemployment insurance for older workers in a repeated principal-agent model, where the …). When unemployment benefits are the only available tool, the insurance agency is not able to induce older workers to search … for a job. This is because of the short time-horizon of workers close to retirement. We propose to introduce a 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 …

While much has been made of the value of employment relative to unemployment, much less is known about the value of … work relative to retirement. We here use two European panel datasets to first show that psychological well-being (measured …