Keuschnigg, Christian; Keuschnigg, Mirela - School of Economics and Political Science, Universität … - 2004
unemployment. The public sector is decomposed into general government and an unfunded pension system with a tax benefit linkage … society. We find that lowering the pension replacement rate and increasing the retirement age can have strong labor market … effects. They strengthen labor supply both in terms of job search intensity, leading to lower unemployment rates, and hours …
