Many pay-as-you-go pension systems have increased or plan to increase their legal retirement age (LRA) to address the financial consequences of ageing. Although the success of these policies is ultimately determined at the labour market, little is known about the effects of higher LRAs at the...

Many pay-as-you-go pension systems have increased or plan to increase their legal retirement age (LRA) to address the financial consequences of ageing. Although the success of these policies is ultimately determined at the labour market, little is known about the effects of higher LRAs at the...

Studies the longevity of startups and the determinants of survival for new manufacturing plants, using econometric duration models to analyze the timing of plant exits. A database of 17,000 Portuguese manufacturing plants opened in the 1980s is used to determine effect of plant size on the...