This paper investigates the consequences of pension reform for life-cycle unemployment and retirement. We find that (i … retirement and boosts efficiency; and (iv) extending the calculation period favors employment of young workers, might possibly … lead to more unemployment among older ones, encourages postponed retirement and most likely yields positive welfare gains. …

five margins of labor supply: labor market participation, hours worked, job search, retirement, and on-the-job training. A … passive fiscal strategy would be very costly. A comprehensive reform, including an increase in the retirement age to 68 years …

This paper investigates the consequences of pension reform for life-cycle unemployment and retirement. We find that (i … retirement and boosts efficiency; and (iv) extending the calculation period favors employment of young workers, might possibly … lead to more unemployment among older ones, encourages postponed retirement and most likely yields positive welfare gains. …

The labor market effects of pension reform stem from retirement behavior and from job search and hours worked of prime …

retirement incentives and work incentives of prime-age workers. We find that postponed retirement tends to harm incentives of …

retirement incentives and work incentives of prime-age workers. We find that postponed retirement tends to harm incentives of …

The labor market effects of pension reform stem from retirement behavior and from job search and hours worked of prime …

retirement incentives and work incentives of prime-age workers. We find that postponed retirement tends to harm incentives of …