Bellmann, Lutz; Janik, Florian - In: Zeitschrift für ArbeitsmarktForschung - Journal for … 42 (2010) 4, pp. 311-324
In many countries early retirement has become a personnel strategy. The establishments are interested in hiring younger employees and try to avoid 'deferred payments' which arise if older employees are paid above their productivity. Firms enter into contracts with their employees that include...