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Author:Conde-Ruiz, J. I.
Galasso, V.
Title:The macroeconomics of early retirement
Journal:Journal of Public Economics
2004 : AUG, VOL. 88:9-10, p. 1849-1869
Index terms:Macroeconomics
Retirement
Human capital
Pensions
Tax impact
Econometric models
Language:eng
Abstract:Early retirement was introduced after the appearance of redundant midle-aged workers, not entitled to pensions. Alternative policies, which do not introduce long-term distortions, but impose a larger cost on the current generation of workers, were blocked by a coalition of high income workers, were blocked by a coalition of high income workers, who did not plan to retire early, but sought to reduce the current tax burden, and low income workers, who expected to retire early and to benefit from the early retirement pension.
SCIMA record nr: 255959
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