left on the labor market prior to retirement. This short horizon implies a more digressive replacement ratio. However …, there is a sufficiently short distance to retirement for which flat unemployment benefits can be the optimal contract as the … optimal contract that integrates unemployment insurance and retirement pension systems. …

As a preliminary step, we first provide some new empirical evidence that labor market conditions affect retirement … propose an equilibrium unemployment approach to retirement decisions that allows us to unveil the factors which explain why …: the retirement decision of unemployed workers depends on the labor-market frictions whereas that of employed workers does …

activity not only decreases the participation rate by inducing early retirement, but also badly affects the employment rate of … older workers just before early retirement age. Countries with an early retirement age at 60 also have lower employment … significantly affected by the distance from retirement, in addition to age and other relevant variables. We then extend McCall …

left on the labor market prior to retirement. This short horizon implies a more digressive replacement ratio. However …, there is a sufficiently short distance to retirement for which flat unemployment benefits can be the optimal contract as the … optimal contract that integrates unemployment insurance and retirement pension systems. -- Unemployment insurance ; retirement …