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unemployment benefits for older workers helps explain the low rate of employment just before the early retirement age. Decreasing … activity not only decreases the participation rate by inducing early retirement, but also badly affects the employment rate of … older workers just before early retirement age. Countries with an early retirement age at 60 also have lower employment …
Persistent link: https://www.econbiz.de/10003283431
of the marginal actuarially fair incentives in case of postponed retirement. Social Security then faces a trade …-off between giving enough incentives to make individuals actually delay retirement and giving little increase in pensions in order …. Furthermore, we analyze the interactions between wealth and retirement behavior. …
Persistent link: https://www.econbiz.de/10002630854
In general, retirement is seen as a pure labor supply phenomenon, but firms can have strong incentives to send … expensive older workers into retirement. Based on the seniority wage model developed by Lazear (1979), we discuss steep … seniority wage profiles as incentives for firms to dismiss older workers before retirement. Conditional on individual retirement …
Persistent link: https://www.econbiz.de/10011296070
, there is a sufficiently short distance to retirement for which flat unemployment benefits can be the optimal contract as the … optimal contract that integrates unemployment insurance and retirement pension systems. -- Unemployment insurance ; retirement …This paper shows that optimal unemployment insurance contracts are age-dependent. Older workers have only a few years …
Persistent link: https://www.econbiz.de/10003825176
propose an equilibrium unemployment approach to retirement decisions that allows us to unveil the factors which explain why …As a preliminary step, we first provide some new empirical evidence that labor market conditions affect retirement …: the retirement decision of unemployed workers depends on the labor-market frictions whereas that of employed workers does …
Persistent link: https://www.econbiz.de/10009536410
Persistent link: https://www.econbiz.de/10002353416
Persistent link: https://www.econbiz.de/10001690751
Persistent link: https://www.econbiz.de/10001690754
This study investigates job polarization in the United States and in France. In the data, the dynamics of employment … France until the mid-1990s, and then rebounded until 2007. The evolution of US routine employment went in opposite directions … skilled labor are the main drivers of polarization in a context of growing employment levels. In France, in contrast …
Persistent link: https://www.econbiz.de/10011732027
retirement before the termination of the contract. When retirement is an event which occurs exogenously and information is … workers who will retire early (the "bad" workers) from applying for these jobs. Secondly, we endogenize the retirement … the "bad" workers. These asymmetries in the information lead to an excess of retirement compared to the full information …
Persistent link: https://www.econbiz.de/10010379224