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Social security and early retirement

Autore: Robert Fenge; Pierre Pestieau
Editore: Cambridge, Mass. : MIT Press, ©2005.
Serie: CESifo book series.
Edizione/Formato:   Libro : EnglishVedi tutte le edizioni e i formati
Banca dati:WorldCat
Sommario:
"The contrasting trends toward earlier retirement and greater longevity have resulted in steadily increasing retirement costs over the last forty years. One important factor influencing early retirement decisions is the expansion of retirement benefits; but studies predict that most countries, particularly those with early retirement incentives, will be unable to meet future pension and social security obligations.  Per saperne di più…
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Informazioni aggiuntive sul formato: Online version:
Fenge, Robert.
Social security and early retirement.
Cambridge, Mass. : MIT Press, c2005
(OCoLC)647439561
Tipo materiale: Risorsa internet
Tipo documento: Book, Internet Resource
Tutti gli autori / Collaboratori: Robert Fenge; Pierre Pestieau
ISBN: 0262062496 9780262062497
Numero OCLC: 59148339
Descrizione: xii, 138 p. : ill. ; 24 cm.
Contenuti: Facts and trends of early retirement --
Implicit taxation on postponing retirement --
Optimal design and reform --
The political economy of early retirement --
an overlapping-generations model with retirement and taxation --
disability insurance --
The demand side.
Titolo della serie: CESifo book series.
Responsabilità: Robert Fenge and Pierre Pestieau.
Maggiori informazioni:

Abstract:

Theoretical and empirical analysis of the relationship between retirement decision and pension systems, with policy recommendations for reversing the current trend toward early retirement.  Per saperne di più…

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"This book combines interesting theoretical work on the design of social insurance programs with a clear discussion of recent trends in the labor market behavior of the elderly. A valuable advance in Per saperne di più…

 
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schema:reviewBody""The contrasting trends toward earlier retirement and greater longevity have resulted in steadily increasing retirement costs over the last forty years. One important factor influencing early retirement decisions is the expansion of retirement benefits; but studies predict that most countries, particularly those with early retirement incentives, will be unable to meet future pension and social security obligations. In this timely CESifo volume, Robert Fenge and Pierre Pestieau examine empirical and theoretical evidence that explains why early retirement has become such a burden for social security systems and suggest pension system reforms that will reverse the trend." "Drawing on evidence from the European Union (with comparisons to other industrialized countries including the United States and Canada), the authors demonstrate that the effective retirement age is influenced by social security regulations (such as a change in eligibility age) and discuss ways of measuring these embedded incentives. Fenge and Pestieau examine the implicit taxes on prolonged working life from normative and political economy perspectives. They discuss optimal payroll tax rates that minimize distortions of labor supply and retirement decisions and consider alternative ways of finance benefits, including consumption and capital income taxation. They discuss why policies are designed to discourage employment among older workers and way reforms to counter this often meet resistance. They demonstrate, contrary to the belief of many European governments, that pushing older workers into retirement does not free jobs for young unemployed workers. They show that the gap between salaries and productivity is an incentive for employers to rid themselves of older workers and argue that governments should not support this behavior by compensating older workers for the difference between severance payments and salaries in early retirement programs."--Jacket."
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