goods that enabled humans to derive more pleasure out of leisure, namely dance and music. I model the incentives to invent …

Major events in the life of an elderly individual, such as retirement, a significant decrease in income, death of the …

The present Paper studies the retirement incentives for elderly people in Belgium. We model the incentive structure … built into the various public early retirement and retirement systems. First, we compute indicators of benefit entitlement … as of the implicit tax rates the elderly workers face in case of delayed retirement. We find strong evidence of social …

retirement plans of middle-aged workers (aged 45-55). Our results indicate that approximately two-thirds of men and more then … half of women appear to be making standard retirement plans. At the same time, more than one in five individuals seem to … have delayed their retirement planning and approximately one in ten either do not know when they expect to retire or expect …

-best) solution may imply later retirement for the disabled than for the leisure prone. In that case, the disabled are compensated by …This paper studies the design of retirement and disability policies. It illustrates the often observed exit from the … labour force of healthy workers through disability insurance schemes. Two types of individuals, disabled and leisure …

lotteries and complete insurance markets. The incomplete and complete market structures assign leisure to different types of …