Social insurance for the elderly is judged responsible for the widely observed trend towards early retirement. In a … distortion on the retirement decision. The main point we make is that while there is no doubt that retirement systems induce an … excessive bias towards early retirement in many countries, a complete elimination of this bias (i.e. a switch to an actuarially …

The Canada Dry pensions system is in some countries one of the frequent routes to early retirement. It constitutes an … informal substitute for early retirement programs. Accordingly, firms lay off aged workers they find costly for what they … retirement. Whether the government cannot or does not want to stop these practices is not clear. In this paper we show that these …

observed trend towards early retirement. In a world of laissez-faire or of first-best efficiency, there would be no such … variables are not observable, the optimal policy does imply a distortion of the retirement decision. Consequently, the … inducement of early retirement may be part of the optimal tax-transfer policy. We consider a model in which individuals differ in …

observed trend towards early retirement. In a world of laissez-faire or of first-best efficiency, there would be no such … variables are not observable, the optimal policy does imply a distortion of the retirement decision. Consequently, the … inducement of early retirement may be part of the optimal tax-transfer policy. We consider a model in which individuals differ in …

redistribution may or may not be reversed. With couples only, the ranking of gender retirement ages is always reversed when the … distortions of retirement decisions, limits redistribution and, negatively affects the group towards which redistribution is … targeted. With couples, a first best that implies a lower retirement age for females can be implemented by a gender …

concave redistribution may or may not be reversed. With couples only, the ranking of gender retirement ages is always reversed … singles only this implies distortions of retirement decision and restricts redistribution across genders. With couples, a … first best that implies a lower retirement age for females can be implemented by a gender-neutral system. Otherwise, gender …