Early retirement of workers is used by firms as means to rejuvenate their workforces. In principle, workers can either … simply be laid off or can be offered an early retirement option combined with a financial bonus. However, dismissing masses … early retirement with a severance pay at least maintains the semblance of a worker’s voluntary decision. Cross …

The circular interplay between demography-employment-productivity-PayGo is investigated for Europe and Us. Looking … have to bear to finance via pay-as-you-go public health care provisions and pensions. This paper is completely self … standing but, at the same time, it is part of the wider project "Present and Future of PayGo in Italy, Europe and Us". It …

and each active citizen will have to bear to finance via pay-as-you-go public health care provisions and pensions. This … Italy, Europe and Us". It constitutes the third chapter of this project, the first and the second being uploaded on MPRA as …

at older ages. I assess my conjecture quantitatively with a life cycle general equilibrium model of retirement. At ages …

observations suggest that they might be an important contributing factor in accounting for differences in retirement. I assess … quantitatively the importance of these features using a life cycle general equilibrium model of retirement. I find that the … important contributing factors to account for the differences in retirement. …

equilibrium model of retirement. I find that the differences in social security can indeed account for the differences in …

system on retirement decisions. The 1992 reform is an interesting example since it was implemented when: (a) the system was … very generous to retirees; (b) the demographic context was dramatic;(c) an early retirement provision, and no actuarial … fairness, distorted retirement choices. I use the reform as a natural experiment and exploit its differential effect on …

older ages. This conjecture is assessed quantitatively with a life cycle general equilibrium model of retirement. At ages 60 …