García-Pérez, J. Ignacio; Sánchez-Martín, Alfonso R. - In: IZA Journal of Labor Policy 4 (2015), pp. 1-34
employment histories. We then explore the effectiveness of pension reform in increasing the labor supply and overall welfare. We … link early retirement penalties to the age at which an individual stops paying contributions. This reform removes the … seeking. The reform also leads to significant welfare losses, especially among the previously non-participating unemployed who …