Adema, Yvonne; Bonenkamp, Jan; Meijdam, Lex - 2013
-up. We use an overlapping-generations model with Beveridgean pay-as-you-go pensions, where individuals differ in ability and … scheme contains within-cohort redistribution and induces early retirement. Such a Pareto-improving reform entails the …-neutrality that stimulates later retirement further improves such a flexibility reform …