Social Security provisions impose a tax on continued work whereas delaying the retirement age would be favorable for the financial stability of the system. It is often argued that this tax could be removed by implementing actuarially fair schemes. However, by defimtion, actuarially fair benefits...

This paper presents a theoretical foundation and empirical evidence in favor of the view that the retirement age decision impacts on the search intensity of older workers before this age. Countries with a retirement age at 60 are indeed characterized by lower employment rates for workers aged...

Nous étudions l’effet des contraintes de liquidité et des coûts de création d’entreprise sur la relation entre la richesse et la proportion d’entrepreneurs dans l’économie. Nous proposons en premier lieu un modèle théorique dynamique visant à comprendre la décision de devenir...