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supply and endogenous retirement. In this environment, the optimal labor tax is hump-shaped in age: insurance benefits of … taxation push for increasing-in-age taxes while rising labor supply elasticities and optimal late retirement of highly … combination of age-dependent linear taxes with increasing-in-age retirement benefits generates welfare gains close to optimal. …
Persistent link: https://www.econbiz.de/10011925742
supply and endogenous retirement. When the fixed cost of work is increasing in wage, the optimal retirement wedge provides … stronger incentives for delayed retirement with age. Retirement benefits that resemble the US Social Security system can … implement the optimum. Calibrated numerical simulations suggest that a mix of retirement benefits that increase with claiming …
Persistent link: https://www.econbiz.de/10012853571
We study the labor supply implications of the Old-Age Pension Act (OPA) of 1908, which, for the first time, provided pensions to older people in the UK. Using recently released census data covering the entire population, we exploit variation at the newly created age-based eligibility threshold....
Persistent link: https://www.econbiz.de/10012550293
We study the labor supply effects and welfare implications of introducing a universal means-tested old-age assistance program in times of very limited social protection. We take advantage of a unique historical reform: The Old-Age Pension Act (OPA) of 1908, which, for the first time, provided...
Persistent link: https://www.econbiz.de/10012206620
burden to retirement leads to highersavings and increases domestic assets. However, for some time after implementationof the … tax reform, the policy-induced increase in consumption costs makes retireesand households close to retirement worse off …
Persistent link: https://www.econbiz.de/10012797206
burden to retirement leads to highersavings and increases domestic assets. However, for some time after implementationof the … tax reform, the policy-induced increase in consumption costs makes retireesand households close to retirement worse off …
Persistent link: https://www.econbiz.de/10012792525
We study the labor supply effects and welfare implications of introducing a universal means-tested old-age assistance program in times of very limited social protection. We take advantage of a unique historical reform: The Old-Age Pension Act (OPA) of 1908, which, for the first time, provided...
Persistent link: https://www.econbiz.de/10012209552
We study the labor supply implications of the Old-Age Pension Act (OPA) of 1908, which, for the first time, provided pensions to older people in the UK. Using recently released census data covering the entire population, we exploit variation at the newly created age-based eligibility threshold....
Persistent link: https://www.econbiz.de/10012597615
In this paper we provide a description of the labor market in the Netherlands. Compared to other OECD countries labor force participation is high and the unemployment rate is low (also for young workers). Among the unemployed there are, however, relatively many long-term unemployed workers....
Persistent link: https://www.econbiz.de/10003912104
life of an individual has two 'endings': an official retirement age at which he starts drawing pension benefits (while … possibly supplementing them with some labour income) and an effective age of retirement at which professional activity is … completely given up. Weekly work time is endogenous, but constant in the period before official retirement and again constant …
Persistent link: https://www.econbiz.de/10005123783