Le double dividende des politiques incitatives à l'allongement de la durée de vie active
We extend McCall’s  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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- Jean-Olivier Hairault & François Langot & Thepthida Sopraseuth, 2004. "Retraite choisie et réduction des déficits," Revue Française d'Économie, Programme National Persée, vol. 18(3), pages 75-136.
- Didier Blanchet & Louis-Paul Pele, 1997.
"Social Security and Retirement in France,"
NBER Working Papers
6214, National Bureau of Economic Research, Inc.
- Ljungqvist, Lars & Sargent, Thomas J, 2002. "The European Employment Experience," CEPR Discussion Papers 3543, C.E.P.R. Discussion Papers.
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