with annuities financed by Personal Retirement Accounts. We showed that such a combination could maintain the level of … retirement income projected in current Social Security law while avoiding a future increase in the payroll tax rate. The current … paper extends the earlier analysis in four ways: (1) We now specify that the funds deposited in the Personal Retirement …

programs inducing retirement? I suggest not, by formalizing the monopoly unionism model and showing how labor's interest in …

that Social Security's induced retirement motive is much more important for explaining differences among European countries … retirement, its generational incidence can be very different than the incidence of a pyramid scheme, even for those countries … where the induced retirement motive is not the dominant one. The possibility of induced retirement also makes it difficult …

so using information on older males from the Health and Retirement Study over the 1980-1997 period to calculate the …