the retirement decision in an economy with risky lifetime, and compare the laissez-faire with egalitarian social optima … retirement age, unlike the ex ante egalitarian optimum. This result is robust to the introduction of unequal life expectancies … and unequal productivities. Hence, the postponement of the retirement age can, quite surprisingly, be defended on …

is lower in innovative firms and that the opposite holds for younger workers. This age bias affects both men and women …

are tremendous. As the baby boom generation grows older, it is doubtful that ever-longer retirement will continue to be …). Nevertheless, as today's workers evaluate their own retirement security, and as policymakers and business leaders assess the …

for a job. This is because of the short time-horizon of workers close to retirement. We propose to introduce a pension tax … pension tax allows those workers near retirement who still do not exercise job search to smooth their consumption during their …

work relative to retirement. We here use two European panel datasets to first show that psychological well-being (measured …

adults work some fraction of the old-age, whatever the retirement age is fixed or chosen by the agents. …