Introducing flexible retirement : a dynamic model

András Simonovits

Typically economists arguing for flexible (or variable) retirement age, but they rely on steady state analysis. In this paper we consider the replacement of a mandatory retirement system with a flexible one in real time. We show that even if early retirement is duly punished, diminishing the effective retirement age by 1 year raises the first year's and the total expenditures during transition by 8% and 70% of the original annual expenditure, respectively.

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Year of publication:	[2021]
Authors:	Simonovits, András
Publisher:	Budapest : Institute of Economics, Centre for Economic and Regional Studies
Subject:	retirement age \| flexible retirement age \| variable retirement age \| transition cost \| Altersgrenze \| Retirement \| Flexible Altersgrenze \| Flexible retirement \| Ältere Arbeitskräfte \| Older workers \| Gesetzliche Rentenversicherung \| Public pension system \| Niederlande \| Netherlands \| Rentenreform \| Pension reform