Generous early retirement provisions account for a large proportion of the drop in the labour force participation of … retirement. We suggest that the political support for generous early retirement provisions relies on: (i) the existence of an … majority which supports a social security system with early retirement in a bidimensional voting game is composed of elderly …

Generous early retirement provisions account for a large proportion of the drop in the labor force participation of … elderly workers. The aim of this paper is to provide a positive theory of early retirement. We suggest that the political … support for generous early retirement provisions relies on: (i) the existence of a significant group of elderly workers with …

strengthen ties between former earnings and pension benefits. Labour supply will be stimulated by lowering implicit tax rates and … by aligning the social and private costs of early retirement. Using a large dynamic microsimulation model we find that … the reform will stimulate labour supply and reduce the future tax burden, but also increase inequality in the benefits …

of labour, like education, disability, retirement age, participation rates and part time work (especially for women), and …

unskilled majority supports higher taxation, which induces the retirement of the elderly and thus results in a lower labor force …

security benefits, which induces the retirement of the elderly and thus results in a lower labor force participation rate. The …

finances. We analyse four policy options: lowering pension benefits, increasing labour market participation of the native … these economies, it turns out that adjusting their labour market participation is easier than for their neighbouring … economies within the EU. Increasing labour market participation to 60% keeps several countries largely out of the woods. …