Cremer, Helmuth; Lozachmeur, Jean-Marie; Pestieau, Pierre - In: European Journal of Political Economy 25 (2009) 2, pp. 174-185
Unemployment insurance (UI) in some countries is one of the most widely used routes to early retirement. Accordingly, firms lay off elderly workers whose wages exceed their productivity. These workers then receive unemployment benefits until they enter formal retirement, even though they have...