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 …

policy to allow flexible retirement options for the elderly with an aim to increase labour supply. According to our matching …. Furthermore, the programme seems to reduce the measured unemployment risk. However, the total number of hours worked is …