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

scheme contains within-cohort redistribution and induces early retirement. Such a Pareto-improving reform entails the …-neutrality that stimulates later retirement further improves such a flexibility reform. …

We study the effects of an annuity market imperfection on individual agents' labour supply and retirement decisions and …

-as-you-go (PAYG) pension system with a statutory retirement date. This introduces a life-cycle in human wealth earnings and implies … that the growth rate is higher under PAYG. We also consider the implications of an increase in the retirement date under …

-as-you-go (PAYG) pension system with a statutory retirement date. This introduces a life-cycle in human wealth earnings and implies … that the growth rate is higher under PAYG. We also consider the implications of an increase in the retirement date under …

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

deepening, and indirect effects, working through changes of taxes, government spending components and the retirement age in …. The closed-form solutions of the model predict taxation and the retirement age in OECD economies to increase in response … to demographic ageing and per-capita growth to accelerate. If the retirement age were held constant, the growth rate in …

deepening, and indirect effects, working through changes of taxes, government spending components and the retirement age in …. The closed-form solutions of the model predict taxation and the retirement age in OECD economies to increase in response … to demographic ageing and per-capita growth to accelerate. If the retirement age were held constant, the growth rate in …