Generous early retirement provisions account for a large proportion of the drop in the labor force participation of elderly workers. The aim of this paper is to provide a positive theory of early retirement. We suggest that the political support for generous early retirement provisions relies...

The objective of this paper is to understand the impact of immigration on the Spanish pension system during the next fifty years by building a quantitative theoretical framework. In order to carry out the exercise of projection of revenues and expenditures in the Spanish pension system, we have...