Add to ORKGThis paper studies optimal insurance against idiosyncratic wage shocks in a life cycle model with intensive labor supply and endogenous retirement. When the fixed cost of work is increasing in wage, the optimal retirement wedge provides stronger incentives for delayed retirement with age. Retirement benefits that resemble the US Social Security system can implement the optimum. Calibrated numerical simulations suggest that a mix of retirement benefits that increase with claiming age, and age-dependent linear taxes, is close to optimal
This paper shows that optimal unemployment insurance contracts are age-dependent. Older workers have...
We use a very standard life-cycle growth model, in which individuals have a labor-leisure choice in ...
In life-cycle economies, where an individual’s optimal consumption-work plan is almost never constan...
It is often argued that implicit taxation on continued activity of elderly workers is responsible fo...
We analyze optimal social security in a two-period overlapping generations model with endogenous ret...
This paper considers the impact of including endogenously determined retirement on optimal tax polic...
This paper analyzes optimal linear taxes on labor income and savings in a standard two-period life-c...
Advances in information technology have improved the administrative feasibility of redis-tribution b...
Advances in information technology have improved the administrative feasibility of redistribution ba...
The long run welfare implications of the legal retirement age are studied in a perfect foresight ove...
This paper studies optimal earnings taxation in a three period life cycle model where the taxes rais...
This paper studies the effects of favorable marginal tax treatment of older workers on their optimal...
This paper presents a comprehensive view of life-time taxation including both explicit taxation thro...
While the participation decision is discrete in a static context, i.e. to work or not to work, such ...
We derive optimal life-cycle asset allocations for a consumer who selects hours of work and retireme...
This paper shows that optimal unemployment insurance contracts are age-dependent. Older workers have...
We use a very standard life-cycle growth model, in which individuals have a labor-leisure choice in ...
In life-cycle economies, where an individual’s optimal consumption-work plan is almost never constan...
It is often argued that implicit taxation on continued activity of elderly workers is responsible fo...
We analyze optimal social security in a two-period overlapping generations model with endogenous ret...
This paper considers the impact of including endogenously determined retirement on optimal tax polic...
This paper analyzes optimal linear taxes on labor income and savings in a standard two-period life-c...
Advances in information technology have improved the administrative feasibility of redis-tribution b...
Advances in information technology have improved the administrative feasibility of redistribution ba...
The long run welfare implications of the legal retirement age are studied in a perfect foresight ove...
This paper studies optimal earnings taxation in a three period life cycle model where the taxes rais...
This paper studies the effects of favorable marginal tax treatment of older workers on their optimal...
This paper presents a comprehensive view of life-time taxation including both explicit taxation thro...
While the participation decision is discrete in a static context, i.e. to work or not to work, such ...
We derive optimal life-cycle asset allocations for a consumer who selects hours of work and retireme...
This paper shows that optimal unemployment insurance contracts are age-dependent. Older workers have...
We use a very standard life-cycle growth model, in which individuals have a labor-leisure choice in ...
In life-cycle economies, where an individual’s optimal consumption-work plan is almost never constan...