This paper constructs a structural retirement model with hyperbolic preferences and uses it to estimate the effect of … substantial amounts of wealth for retirement. We find it is frequently difficult to distinguish empirically between models with … the two types of preferences on the basis of asset accumulation paths or consumption paths around the period of retirement …

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 …