García Peréz, José Ignacio; Sánchez Martín, Alfonso R. - In: IZA journal of labor policy 4 (2015), pp. 1-34
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 …