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Le double dividende des politiques incitatives à l'allongement de la durée de vie active

  • Jean-Olivier Hairault
  • François Langot
  • Thepthida Sopraseuth

We extend McCall?s [1970] job search model by explicitly integrating life-cycle features and retirement decisions. Using simulations, we show that the effective tax on continued activity caused by the French social security system in conjunction with the generosity of unemploymentn benefits for older workers helps explain the low rate of employment just before the early retirement age. Decreasing this tax, thus bringing it closer to the actuarially-fair scheme not only extends the retirement age, but also encourages a more intensive job-search by older unemployed individuals. Classification JEL : H31, H55, J26

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Article provided by Presses de Sciences-Po in its journal Revue économique.

Volume (Year): 57 (2006)
Issue (Month): 3 ()
Pages: 449-460

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Handle: RePEc:cai:recosp:reco_573_0449
Contact details of provider: Web page: http://www.cairn.info/revue-economique.htm

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  1. Didier Blanchet & Louis-Paul Pele, 1999. "Social Security and Retirement in France," NBER Chapters, in: Social Security and Retirement around the World, pages 101-133 National Bureau of Economic Research, Inc.
  2. Postel-Vinay & Robin, 2002. "Equilibrium wage dispersion with worker and employer heterogeneity," Working Papers 155908, Institut National de la Recherche Agronomique, France.
  3. Thepthida Sopraseuth & François Langot & Jean-Olivier Hairault, 2004. "Retraite choisie et réduction des déficits," Revue Française d'Économie, Programme National Persée, vol. 18(3), pages 75-136.
  4. Fabien Postel-Vinay & Jean-Marc Robin, 2002. "Equilibrium wage dispersion with worker and employer heterogeneity," Sciences Po publications info:hdl:2441/dc0ckec3fcb, Sciences Po.
  5. Ljungqvist, Lars & Sargent, Thomas J, 2002. "The European Employment Experience," CEPR Discussion Papers 3543, C.E.P.R. Discussion Papers.
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