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Early retirement and social security : a long term perspective

Conde-Ruiz, Jose Ignacio; Galasso, Vincenzo; Profeta, Paola - 2005

We provide a long-term perspective on the individual retirement behaviour and on the future of retirement. In a Markovian political economic theoretical framework, in which incentives to retire early are embedded, we derive a political equilibrium with positive social security contribution rates...

Persistent link: https://www.econbiz.de/10010272717

Early Retirement and Social Security: A Long Term Perspective

Conde-Ruiz, J. Ignacio; Galasso, Vincenzo; Profeta, Paola - Centro Studi di Economia e Finanza (CSEF) - 2006

We provide a long term perspective on the individual retirement behavior and on the future of retirement. In a Markovian political economic theoretical framework, in which incentives to retire early are embedded, we derive a political equilibrium with positive social security contribution rates...

Persistent link: https://www.econbiz.de/10005802075

The Evolution of Retirement

Conde-Ruiz, José Ignacio; Galasso, Vincenzo; Profeta, Paola - C.E.P.R. Discussion Papers - 2005

We provide a long-term perspective on the individual retirement behaviour 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 share of elderly in the population, which increase the...

Persistent link: https://www.econbiz.de/10005791934

Lessons for an Aging Society : The Political Sustainability of Social Security Systems

Galasso, Vincenzo; Profeta, Paola - 2004

, Spain, the UK and the US - under population aging. Two main aspects of the aging process are relevant to the analysis. First … towards future pensions with more private savings. Second, an aging electorate leads to larger systems, since it increases the … aspect dominates in all countries, albeit with some differences. Spain, the fastest aging country, faces the largest increase …

Persistent link: https://www.econbiz.de/10014074711

The Politics of Aging and Retirement: Evidence from Swiss Referenda

Bello, Piera; Galasso, Vincenzo - 2018

Aging creates financial troubles for PAYG pension systems, since the share of retirees to workers increases. An often advocated policy response is to increase retirement age. Ironically, however, the political support for this policy may actually be hindered by population aging. Using Swiss...

Persistent link: https://www.econbiz.de/10011931915

What explains fertility? : evidence from Italian pension reforms

Billari, Francesco C.; Galasso, Vincenzo - 2009

predicts lower future pensions to reduce fertility, while the old-age security" to increase it. Our empirical analysis … identifies a clear and robust positive effect of less generous future pensions on post-reform fertility. These findings are …

Persistent link: https://www.econbiz.de/10010273801

When the state mirrors the family: The design of pension systems

Galasso, Vincenzo; Profeta, Paola - 2010

families featuring either weak or strong internal ties. When pensions systems are initially introduced, in society with strong …

Persistent link: https://www.econbiz.de/10010274843

Old Before their Time: The Role of Employers in Retirement Decisions

Bello, Piera; Galasso, Vincenzo - 2015

Do elderly workers retire early voluntarily, or are they induced (or even forced) by their employees? To establish the relevance of the labor demand component in retirement decisions, we consider a trade liberalization between Switzerland and the EU – the Mutual Recognition Agreement (MRA). A...

Persistent link: https://www.econbiz.de/10011431205

The Political Feasibility of Postponing Retirement

Galasso, Vincenzo - In: CESifo DICE Report 10 (2012) 4, pp. 27-31

Persistent link: https://www.econbiz.de/10011696800

What explains fertility? : evidence from Italian pension reforms

Billari, Francesco C.; Galasso, Vincenzo - 2009

predicts lower future pensions to reduce fertility, while the "old-age securityʺ to increase it. Our empirical analysis … identifies a clear and robust positive effect of less generous future pensions on post-reform fertility. These findings are …

Persistent link: https://www.econbiz.de/10003850326