Showing 1 - 10 of 12
In this paper, we examine the consequences of delaying retirement in an overlapping generations model with domestic … production and parental transfers in the form of grandchild care. We show that a change in age at retirement influences the … retirement may increase time devoted to grandchild care transfers, which allows the young to work more on the labour market. We …
Persistent link: https://www.econbiz.de/10010540102
with overlapping generations, endogenous growth and endogenous retirement age. We calibrate this model on Belgian data. We … retirement age recorded over the last fifty years. In addition, we find that the sharp increase in government expenditures … aging by generating an endogenous increase of the retirement age. …
Persistent link: https://www.econbiz.de/10004985271
Dans un modèle à générations imbriquées avec production «à la Diamond», on introduit de l’incertitude sur la durée de vie. En comparaison la dynamique d’une économie sans système de retraite avec celle d’une économie disposant d’un système de retraite par capitalisation, on...
Persistent link: https://www.econbiz.de/10008505621
latter region, a postponement in the retirement age of unskilled individuals has the most beneficial effect in relieving the …
Persistent link: https://www.econbiz.de/10004984737
The effects of three reforms of the Belgian old-age pension system were examined on retirement behaviour, government … retirement, and in particularly penalize early retirement of the rich more than the poor, are not only the ones that enhance the … relative poverty among the old-age retired. On the contrary, reforms that compensate retirement beyond the age of eligibility …
Persistent link: https://www.econbiz.de/10004984738
Early retirement is often explained as resulting from a voluntary labour supply choice of a utility maximizing … individual. nonetheless, a lof of individuals perceive retirement as a forced instead as a voluntary decision. This paper tries …-sector employees into unemployment, early and old-age retirement while accounting for forward-looking retirement incentives. The …
Persistent link: https://www.econbiz.de/10004984805
, levels of human capital are on the rise. Should this lift the age of retirement and lead to higher lifetime employment rates … ? In order to explore these issues, we develop a simple model with endogenous retirement. It tells us that the impact of … education on retirement is ambiguous. Higher wages encourage educated workers to postpone retirement (foregone effect). But …
Persistent link: https://www.econbiz.de/10004984866
invest in the human capital of older workers. In addition in Belgium both employers and the government design retirement …
Persistent link: https://www.econbiz.de/10004984903
This paper re-examines the effects of population aging and pension reforms in an OLG model with labor market frictions. The most important feature brought about by labor market frictions is the connection between the interest rate and the unemployment rate. Exogenous shocks (such as aging)...
Persistent link: https://www.econbiz.de/10008674348
In December 2005, the Belgian government adopted the law on the Intergenerational Solidarity Pact (ISP) with the objective to increase the employment rate of the elderly. In order to meet that objective, several active ageing policies and reforms were taken. The aim of this paper is to...
Persistent link: https://www.econbiz.de/10010762062