How can public pension systems be reformed to ensure fiscal stability in the face of increasing life expectancy? To address this question, we use micro data to estimate a structural life-cycle model of individuals' employment, retirement and consumption decisions. We calculate that, in the case...

In this paper we use a dynamic structural life-cycle model to analyze the employment, fiscal and welfare effects induced by unemployment insurance. The model features a detailed specification of the tax and transfer system, including unemployment insurance benefits which depend on an...

This paper uses a Regression Kink Design to estimate the labor supply effects of changes in the financial incentives in the pension system. In particular we analyze the effect of the introduction of pension deductions for early retirement on female labor supply behavior. This reform allows to...