search query: @indexterm Pensions / total: 303
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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. |
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