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The paper asks why retirement can be so abrupt in countries such as France (1/2% of the workforce over 65), yet staged … make little allowance for fair pension increases if retirement is deferred. While these laws have begun to change, we find … reduce older workers' hiring opportunities especially where wages are rigid. -- Mandatory retirement ; deferred pay ; age …
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This paper presents a theoretical and empirical analysis of the role of life expectancy for optimal schooling and lifetime labor supply. The results of a simple prototype Ben-Porath model with age-specific survival rates show that an increase in lifetime labor supply is not a necessary, nor a...
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