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 … unemployment benefits for older workers helps explain the low rate of employment just before the early retirement age. Decreasing …

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 … unemployment benefits for older workers helps explain the low rate of employment just before the early retirement age. Decreasing …

retirement before the termination of the contract. When retirement is an event which occurs exogenously and information is … complete, the long term employment relationship is preferred by the risk adverse workers. This implies that firms must … workers who will retire early (the "bad" workers) from applying for these jobs. Secondly, we endogenize the retirement …

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 … unemployment benefits for older workers helps explain the low rate of employment just before the early retirement age. Decreasing …

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 … present employment subsidies. Moreover, we propose adopting a global approach to unemployment insurance by determining an …