Recent literature makes a distinction between 'voluntary' and 'involuntary' early retirement, where 'involuntary' early retirement results from employment constraints rather than from a preference for leisure relative to work. This paper analyzes 'voluntary' and 'involuntary' early retirement...

This article investigates the possibilities and restrictions of inter-generational income development for ageing and stagnating economies. In a first step, the basic logic of ageing will be investigated in a simple dynamic model. In particular, the investigation points out the existence of the...