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retirement before the termination of the contract. When retirement is an event which occurs exogenously and information is … workers who will retire early (the "bad" workers) from applying for these jobs. Secondly, we endogenize the retirement … the "bad" workers. These asymmetries in the information lead to an excess of retirement compared to the full information …
Persistent link: https://www.econbiz.de/10010379224
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. …
Persistent link: https://www.econbiz.de/10005822369
This paper extends the job creation-job destruction approach to the labor market to take into account a deterministic finite horizon. As hirings and separations depend on the time over which to recoup investment costs, the life-cycle setting implies age-differentiated labor market flows. Whereas...
Persistent link: https://www.econbiz.de/10009001406
left on the labor market prior to retirement. This short horizon implies a more decreasing replacement ratio. However …, there is a sufficiently short distance to retirement for which flat unemployment benefits can be the optimal contract. It is … show that the unemployment benefit agency could take advantage of the retirement period to tax pensions in order to …
Persistent link: https://www.econbiz.de/10009131149
participation towards a retirement age far below the one that would prevail in an optimal environment. This tax on continued … activity would disappear with an actuarially fair system that links replacement rates to retirement age. However, by definition …
Persistent link: https://www.econbiz.de/10008680035
retirement before the termination of the contract. When retirement is an event which occurs exogenously and information is … workers who will retire early (the 'bad' workers) from applying for these jobs. Secondly, we endogenize the retirement … the 'bad' workers. These asymmetries in the information lead to an excess of retirement compared to the full information …
Persistent link: https://www.econbiz.de/10010790513
-free. Second, the short job duration before retirement implies that the budgetary return and search incentives associated with the …. Finally, even in the special case where search intensity is zero close to retirement, perfect risk-sharing across unemployment … and retirement is welfare-improving thanks to the pension tax …
Persistent link: https://www.econbiz.de/10010750991
for a job. This is because of the short time-horizon of workers close to retirement. We propose to introduce a pension tax … pension tax allows those workers near retirement who still do not exercise job search to smooth their consumption during their …
Persistent link: https://www.econbiz.de/10011025914
for a job. This is because of the short time-horizon of workers close to retirement. We propose to introduce a pension tax … pension tax allows those workers near retirement who still do not exercise job search to smooth their consumption during their …
Persistent link: https://www.econbiz.de/10009647516
for a job. This is because of the short time-horizon of workers close to retirement. We propose to introduce a pension tax … pension tax allows those workers near retirement who still do not exercise job search to smooth their consumption during their …
Persistent link: https://www.econbiz.de/10010577642