Kalwij, Adriaan; Kapteyn, Arie; de Vos, Klaas - 2009
Policy makers have often argued that an additional benefit of facilitating early retirement is that it creates … employment for the young. This may happen if older and younger workers are substitutes. Nowadays policy makers’ goals are to … discourage early retirement to counter the economic consequences of an aging population and, interestingly, the consequences for …