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Partons-nous à la retraite trop tôt ?

Author

Listed:
  • Jean-Marie Lozachmeur
  • Pierre Pestieau

Abstract

It 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

Suggested Citation

  • Jean-Marie Lozachmeur & Pierre Pestieau, 2002. "Partons-nous à la retraite trop tôt ?," Revue économique, Presses de Sciences-Po, vol. 53(4), pages 825-837.
  • Handle: RePEc:cai:recosp:reco_534_0825
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    JEL classification:

    • 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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