Partons-nous à la retraite trop tôt ?
AbstractIt is often argued that implicit taxation on continued activity of elderly workers is responsible for the widely observed trend towards early retirement. In a first best world, it is certainly possible to eliminate this taxation and have a social security scheme that is redistributive and efficient at the same time. This paper shows that in a second best world, the optimal policy implies an inducement to retire early. We consider a model where the social objective is utilitarian and where individuals differ both in unobservable productivity and health status. Classification JEL : E62, H23, H55
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Bibliographic InfoArticle provided by Presses de Sciences-Po in its journal Revue économique.
Volume (Year): 53 (2002)
Issue (Month): 4 ()
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Web page: http://www.cairn.info/revue-economique.htm
Other versions of this item:
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
- H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
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