Showing 1 - 10 of 8,050
strong early retirement penalties imposed on "regular" retirees effectively create an alternative path to early retirement …. In this paper, we explore this alternative path quantitatively. We develop a model of job search and retirement behavior … link early retirement penalties to the age at which an individual stops paying contributions. This reform removes the …
Persistent link: https://www.econbiz.de/10011416752
This paper investigates the age-dependency of participation andunemployment by integrating job search with intertemporal optimizing behaviorof finitely-lived households. We find that search frictions and tax ratesdistort the decisions of older workers to a much larger extent than that ofyoung...
Persistent link: https://www.econbiz.de/10011333255
Persistent link: https://www.econbiz.de/10010388972
Persistent link: https://www.econbiz.de/10011703498
We examine a search and matching model of the labor market with overlapping generations of workers. We show that older workers with the same productivity as younger workers generally earn less. A market solution with Nash-bargained wages is never optimal as old workers search too long compared...
Persistent link: https://www.econbiz.de/10014059669
Persistent link: https://www.econbiz.de/10002510063
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 … significantly affected by the distance from retirement, in addition to age and other relevant variables. We then extend McCall …
Persistent link: https://www.econbiz.de/10003283431
Persistent link: https://www.econbiz.de/10003386155
Persistent link: https://www.econbiz.de/10003800706
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 … significantly affected by the distance from retirement, in addition to age and other relevant variables. We then extend McCall …
Persistent link: https://www.econbiz.de/10012780624