Add to ORKGThe long run welfare implications of the legal retirement age are studied in a perfect foresight overlapping-generations model where agents live for two periods. Agents’ lifetime is divided between working life and retirement by a legal retirement age controlled by the government whereas agents, besides savings, control the intensive margin or "yearly" labour supply. The legal retirement age is utilized to dampen distortionary effects of payroll taxes and public pension annuities and promote capital accumulation. We show that a social optimal legal retirement age exists and how it depends on whether payroll taxes or benefit annuities ensures budget balance of the PAYG pension system.Optimal legal retirement age; pay-as-you-go-pension system...
This paper explains why workers retire earlier, and earlier at the same time as society becomes mor...
This paper shows the effects on a pay-as-you-go pension system of the demographic change in the stan...
In this paper, we develop a two-period overlapping generations model with two types of individuals, ...
The optimal legal retirement age in an OLG model with endogenous labour supply b
We analyze optimal social security in a two-period overlapping generations model with endogenous ret...
This paper studies optimal insurance against idiosyncratic wage shocks in a life cycle model with in...
It is often argued that implicit taxation on continued activity of elderly workers is responsible fo...
In this paper, we consider how the hours of work and retirement age ought to respond to a change in ...
This paper studies the interaction between capital income taxation and a means tested age pension in...
This paper explains why workers retire earlier, and earlier at the same time as society becomes more...
This paper presents a comprehensive view of life-time taxation including both explicit taxation thro...
This paper studies the effects of favorable marginal tax treatment of older workers on their optimal...
This paper studies optimal earnings taxation in a three period life cycle model where the taxes rais...
This paper shows the effects on a pay-as-you-go pension system of the demographic change in the stan...
In this paper,we analyse the effects of demographic change on a PAYG pension system, financed with a...
This paper explains why workers retire earlier, and earlier at the same time as society becomes mor...
This paper shows the effects on a pay-as-you-go pension system of the demographic change in the stan...
In this paper, we develop a two-period overlapping generations model with two types of individuals, ...
The optimal legal retirement age in an OLG model with endogenous labour supply b
We analyze optimal social security in a two-period overlapping generations model with endogenous ret...
This paper studies optimal insurance against idiosyncratic wage shocks in a life cycle model with in...
It is often argued that implicit taxation on continued activity of elderly workers is responsible fo...
In this paper, we consider how the hours of work and retirement age ought to respond to a change in ...
This paper studies the interaction between capital income taxation and a means tested age pension in...
This paper explains why workers retire earlier, and earlier at the same time as society becomes more...
This paper presents a comprehensive view of life-time taxation including both explicit taxation thro...
This paper studies the effects of favorable marginal tax treatment of older workers on their optimal...
This paper studies optimal earnings taxation in a three period life cycle model where the taxes rais...
This paper shows the effects on a pay-as-you-go pension system of the demographic change in the stan...
In this paper,we analyse the effects of demographic change on a PAYG pension system, financed with a...
This paper explains why workers retire earlier, and earlier at the same time as society becomes mor...
This paper shows the effects on a pay-as-you-go pension system of the demographic change in the stan...
In this paper, we develop a two-period overlapping generations model with two types of individuals, ...