We provide a long-term perspective on the individual retirement behaviour and on the future of retirement. In a … equilibrium with positive social security contribution rates and early retirement. Aging has two opposite effects: it leads to … the existence of crucial income effects: a decrease of the income of young people will induce them to postpone retirement …

We show how the age profile of earnings, retirement rules and retirement behavior are tightly linked through the … paper theoretically rationalizes the links between retirement rules and the wage structures over the life cycle and uses … data on European countries to show how social security taxes, the age profile of earnings, and retirement behavior are …

We provide a long term perspective on the individual retirement behavior and on the future of early retirement. In a … cross-country sample, we find that total pension spending depends positively on the degree of early retirement and on the … converging to a steady state and early retirement. Comparative statics suggest that aging and productivity slow-downs lead to …

of labour, like education, disability, retirement age, participation rates and part time work (especially for women), and …

strengthen ties between former earnings and pension benefits. Labour supply will be stimulated by lowering implicit tax rates and … by aligning the social and private costs of early retirement. Using a large dynamic microsimulation model we find that … the reform will stimulate labour supply and reduce the future tax burden, but also increase inequality in the benefits …

strengthen ties between former earnings and pension benefits. Labour supply will be stimulated by lowering implicit tax rates and … by aligning the social and private costs of early retirement. Using a large dynamic microsimulation model we find that … the reform will stimulate labour supply and reduce the future tax burden, but also increase inequality in the benefits …

of labour, like education, disability, retirement age, participation rates and part time work (especially for women), and …

security benefits, which induces the retirement of the elderly and thus results in a lower labor force participation rate. The …