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job-related factors, can significantly influence the decision to postpone retirement when this decision is in the hands of … an individual. Starting from the fact that the employment rate of older workers in Slovenia in 2011 was the lowest in the …
Persistent link: https://www.econbiz.de/10011261123
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 …
Persistent link: https://www.econbiz.de/10008552803
In this paper I will introduce a new political economy model, where there exists a competition amongst two political candidates, which aim to set a policy which enables them to win elections, max- imising the probability of winning. I will show that, if taxes neces- sary to repay the debt are...
Persistent link: https://www.econbiz.de/10005616677
In this paper I analyse a labour market where the wage is endogenously determined according to an Efficient Bargaining process between a firm and a labour union whose members are partitioned into two social groups: the old and the young. Furthermore, I exploit the Single-Mindedness theory, which...
Persistent link: https://www.econbiz.de/10005789327
This paper investigates the future development of the Austrian population for the period from 2005 to 2035. The main focus of our investigation lies on the working age population and its age structure. Our calculations are based on the population projection released by Statistik Austria in 2005....
Persistent link: https://www.econbiz.de/10005789467
Employment to population ratios differ markedly across OECD coun- tries, especially for people over 55. Social security … tests. I conjecture that differences in social security features explain many differences in employment to population ratios … at older ages. I assess my conjecture quantitatively with a life cycle general equilibrium model of retirement. At ages …
Persistent link: https://www.econbiz.de/10009403451
There are large differences in the employment to population ratio relative to the US across OECD countries, and these … 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 …
Persistent link: https://www.econbiz.de/10008540982
There are large differences in the employment to population ratio relative to the US across OECD countries, and these … equilibrium model of retirement. I find that the differences in social security can indeed account for the differences in … employment to population ratio at old age in the OECD. I also evaluate which features of social security are most important in …
Persistent link: https://www.econbiz.de/10008549596
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 …
Persistent link: https://www.econbiz.de/10005029694
Employment to population ratios differ markedly across Organization for Economic Cooperation and Development (OECD … study postulates that differences in social security features explain many differences in employment to population ratios at … older ages. This conjecture is assessed quantitatively with a life cycle general equilibrium model of retirement. At ages 60 …
Persistent link: https://www.econbiz.de/10011107614