Optimal Progressive Pension Systems in a Life-Cycle Model with Heterogeneity in Job Stability
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Eric French, 2005.
"The Effects of Health, Wealth, and Wages on Labour Supply and Retirement Behaviour,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 72(2), pages 395-427.
- Eric French, 2000. "The effects of health, wealth, and wages on labor supply and retirement behavior," Working Paper Series WP-00-2, Federal Reserve Bank of Chicago.
- Eric French, 2004. "The Effects of Health, Wealth and Wages on Labor Supply and Retirement Behavior," 2004 Meeting Papers 96, Society for Economic Dynamics.
- Stéphane Bonhomme & Jean-Marc Robin, 2009.
"Assessing the Equalizing Force of Mobility Using Short Panels: France, 1990-2000,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 76(1), pages 63-92.
- Stéphane Bonhomme & Jean-Marc Robin, 2008. "Assessing the equalizing force of mobility using short panels: France 1990-2000," CeMMAP working papers CWP02/08, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
- Stéphane Bonhomme & Jean-Marc Robin, 2009. "Assessing the Equalizing Force of Mobility Using Short Panels: France, 1990-2000," SciencePo Working papers Main hal-01027423, HAL.
- Stéphane Bonhomme & Jean-Marc Robin, 2009. "Assessing the equalizing force of mobility using short panels: France, 1990-2000," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00308801, HAL.
- Stéphane Bonhomme & Jean-Marc Robin, 2009. "Assessing the equalizing force of mobility using short panels: France, 1990-2000," PSE-Ecole d'économie de Paris (Postprint) hal-00308801, HAL.
- Stéphane Bonhomme & Jean-Marc Robin, 2009. "Assessing the equalizing force of mobility using short panels: France, 1990-2000," Post-Print hal-00308801, HAL.
- Stéphane Bonhomme & Jean-Marc Robin, 2009. "Assessing the Equalizing Force of Mobility Using Short Panels: France, 1990-2000," Post-Print hal-01027423, HAL.
- repec:hal:spmain:info:hdl:2441/eu4vqp9ompqllr09j008g6g0g is not listed on IDEAS
- Stéphane Bonhomme & Jean-Marc Robin, 2009. "Assessing the Equalizing Force of Mobility Using Short Panels: France, 1990-2000," SciencePo Working papers hal-01027423, HAL.
- Brown, Kristine M., 2013. "The link between pensions and retirement timing: Lessons from California teachers," Journal of Public Economics, Elsevier, vol. 98(C), pages 1-14.
- Stefania Albanesi & Jiyeon Kim, 2021. "Effects of the COVID-19 Recession on the US Labor Market: Occupation, Family, and Gender," Journal of Economic Perspectives, American Economic Association, vol. 35(3), pages 3-24, Summer.
- Dwyer, Debra Sabatini & Mitchell, Olivia S., 1999.
"Health problems as determinants of retirement: Are self-rated measures endogenous?,"
Journal of Health Economics, Elsevier, vol. 18(2), pages 173-193, April.
- Debra S. Dwyer & Olivia S. Mitchell, "undated". "Health Problems as Determinants of Retirement: Are Self-Rated Measures Endogenous?," Pension Research Council Working Papers 98-7, Wharton School Pension Research Council, University of Pennsylvania.
- Debra Sabatini Dwyer & Olivia S. Mitchell, 1998. "Health Problems as Determinants of Retirement: Are Self-Rated Measures Endogenous?," NBER Working Papers 6503, National Bureau of Economic Research, Inc.
- Audra J. Bowlus & Jean-Marc Robin, 2012.
"An International Comparison Of Lifetime Inequality: How Continental Europe Resembles North America,"
Journal of the European Economic Association, European Economic Association, vol. 10(6), pages 1236-1262, December.
- Audra J. Bowlus & Jean-Marc Robin, 2011. "An International Comparison of Lifetime Inequality: How Continental Europe Resembles North America," University of Western Ontario, Centre for Human Capital and Productivity (CHCP) Working Papers 20116, University of Western Ontario, Centre for Human Capital and Productivity (CHCP).
- Krueger, Alan B & Pischke, Jorn-Steffen, 1992.
"The Effect of Social Security on Labor Supply: A Cohort Analysis of the Notch Generation,"
Journal of Labor Economics, University of Chicago Press, vol. 10(4), pages 412-437, October.
- Alan B. Krueger & Jorn-Steffen Pischke, 1989. "The Effect of Social Security on Labor Supply: A Cohort Analysis of the Notch Generation," Working Papers 635, Princeton University, Department of Economics, Industrial Relations Section..
- Alan B. Krueger & Jorn-Steffen Pischke, 1991. "The Effect of Social Security on Labor Supply: A Cohort Analysis of the Notch Generation," NBER Working Papers 3699, National Bureau of Economic Research, Inc.
- Cremer, Helmuth & Lozachmeur, Jean-Marie & Pestieau, Pierre, 2004.
"Social security, retirement age and optimal income taxation,"
Journal of Public Economics, Elsevier, vol. 88(11), pages 2259-2281, September.
- Helmuth Cremer & Jean-Marie Lozachmeur & Pierre Pestieau, 2002. "Social Security, Retirement Age and Optimal Income Taxation," CESifo Working Paper Series 693, CESifo.
- CREMER, Helmuth & LOZACHMEUR, Jean-Marie & PESTIEAU, Pierre, 2004. "Social security, retirement age and optimal income taxation," LIDAM Reprints CORE 1722, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Fehr, Hans & Kallweit, Manuel & Kindermann, Fabian, 2013. "Should pensions be progressive?," European Economic Review, Elsevier, vol. 63(C), pages 94-116.
- Gary Burtless, 1986. "Social Security, Unanticipated Benefit Increases, and the Timing of Retirement," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 53(5), pages 781-805.
- Yoram Ben-Porath, 1967. "The Production of Human Capital and the Life Cycle of Earnings," Journal of Political Economy, University of Chicago Press, vol. 75(4), pages 352-352.
- Jones, Andrew M. & Rice, Nigel & Roberts, Jennifer, 2010. "Sick of work or too sick to work? Evidence on self-reported health shocks and early retirement from the BHPS," Economic Modelling, Elsevier, vol. 27(4), pages 866-880, July.
- Hubbard, R Glenn & Judd, Kenneth L, 1987. "Social Security and Individual Welfare: Precautionary Saving, Borrowing Constraints, and the Payroll Tax," American Economic Review, American Economic Association, vol. 77(4), pages 630-646, September.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Kindermann, Fabian & Pueschel, Veronika, 2021.
"Progressive Pensions as an Incentive for Labor Force Participation,"
CEPR Discussion Papers
16380, C.E.P.R. Discussion Papers.
- Püschel, Veronika & Kindermann, Fabian, 2023. "Progressive Pensions as an Incentive for Labor Force Participation," VfS Annual Conference 2023 (Regensburg): Growth and the "sociale Frage" 277643, Verein für Socialpolitik / German Economic Association.
- Fabian Kindermann & Veronika Püschel, 2021. "Progressive Pensions as an Incentive for Labor Force Participation," Working Papers 2021-038, Human Capital and Economic Opportunity Working Group.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Pedro Cavalcanti Ferreira & Marcelo Rodrigues dos Santos, 2013.
"The Effect of Social Security, Health, Demography and Technology on Retirement,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 16(2), pages 350-370, April.
- Marcelo Santos & Pedro Cavalcanti Ferreira, 2011. "The Effect of Social Security, Health, Demography and Technology on Retirement," 2011 Meeting Papers 903, Society for Economic Dynamics.
- Ferreiray, Pedro Cavalcanti & Santos, Marcelo Rodrigues, 2012. "The Effect of Social Security, Health, Demography and Technology on Retirement," Insper Working Papers wpe_274, Insper Working Paper, Insper Instituto de Ensino e Pesquisa.
- Ferreira, Pedro Cavalcanti & Santos, Marcelo Rodrigues dos, 2012. "The effect of social security, health, demography and technology on retirement," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 727, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
- Owen O'Donnell & Eddy Van Doorslaer & Tom Van Ourti, 2013. "Health and Inequality," Tinbergen Institute Discussion Papers 13-170/V, Tinbergen Institute.
- Kuhn, Michael & Wrzaczek, Stefan & Prskawetz, Alexia & Feichtinger, Gustav, 2015.
"Optimal choice of health and retirement in a life-cycle model,"
Journal of Economic Theory, Elsevier, vol. 158(PA), pages 186-212.
- Kuhn, Michael & Wrzaczek, Stefan & Prskawetz, Alexia & Feichtinger, Gustav, 2011. "Optimal Choice of Health and Retirement in a Life-Cycle Model," VfS Annual Conference 2011 (Frankfurt, Main): The Order of the World Economy - Lessons from the Crisis 48681, Verein für Socialpolitik / German Economic Association.
- Kuhn, Michael & Wrzaczek, Stefan & Prskawetz, Alexia & Feichtinger, Gustav, 2012. "Optimal choice of health and retirement in a life-cycle model," ECON WPS - Working Papers in Economic Theory and Policy 01/2012, TU Wien, Institute of Statistics and Mathematical Methods in Economics, Economics Research Unit.
- Karakaya, Güngör, 2008.
"Early cessation of activity in the labour market: impact of supply and demand factors,"
MPRA Paper
13390, University Library of Munich, Germany.
- Gungor Karakaya, 2009. "Early cessation of activity in the labour market: impact of supply and demand factors," DULBEA Working Papers 09-04.RS, ULB -- Universite Libre de Bruxelles.
- Staubli, Stefan & Zweimüller, Josef, 2011.
"Does Raising the Retirement Age Increase Employment of Older Workers?,"
IZA Discussion Papers
5863, Institute of Labor Economics (IZA).
- Zweimüller, Josef & Staubli, Stefan, 2011. "Does Raising the Retirement Age Increase Employment of Older Workers?," CEPR Discussion Papers 8510, C.E.P.R. Discussion Papers.
- Stefan Staubli & Josef Zweimüller, 2011. "Does Raising the Retirement Age Increase Employment of Older Workers?," NRN working papers 2011-13, The Austrian Center for Labor Economics and the Analysis of the Welfare State, Johannes Kepler University Linz, Austria.
- Stefan Staubli & Josef Zweimüller, 2011. "Does raising the retirement age increase employment of older workers?," ECON - Working Papers 020, Department of Economics - University of Zurich, revised May 2012.
- Stefan Staubli & Josef Zweimüller, 2012. "Does Raising the Retirement Age increase Employment of Older Workers?," NRN working papers 2012-06, The Austrian Center for Labor Economics and the Analysis of the Welfare State, Johannes Kepler University Linz, Austria.
- Malkova, Olga, 2020.
"Did Soviet elderly employment respond to financial incentives? Evidence from pension reforms,"
Journal of Public Economics, Elsevier, vol. 182(C).
- Malkova, Olga, 2019. "Did Soviet Elderly Employment Respond to Financial Incentives? Evidence from Pension Reforms," IZA Discussion Papers 12790, Institute of Labor Economics (IZA).
- Ferranna, Maddalena & Sevilla, J.P. & Zucker, Leo & Bloom, David E., 2022. "Patterns of Time Use among Older People," IZA Discussion Papers 15227, Institute of Labor Economics (IZA).
- Selahattin Imrohoroglu & Sagiri Kitao, 2010.
"Social Security, Benefit Claiming and Labor Force Participation: A Quantitative General Equilibrium Approach,"
Working Papers, Center for Retirement Research at Boston College
wp2010-02, Center for Retirement Research, revised Mar 2010.
- Selo Imrohoroglu, 2011. "Social Security, Benefit Claiming, and Labor Force Participation: A Quantitative General Equilibrium Approach," 2011 Meeting Papers 215, Society for Economic Dynamics.
- Selahattin Imrohoroglu & Sagiri Kitao, 2010. "Social Security, benefit claiming, and labor force participation: a quantitative general equilibrium approach," Staff Reports 436, Federal Reserve Bank of New York.
- Magnac, Thierry & Roux, Sébastien, 2021.
"Heterogeneity and wage inequalities over the life cycle,"
European Economic Review, Elsevier, vol. 134(C).
- Magnac, Thierry & Roux, Sébastien, 2019. "Heterogeneity and Wage Inequalities over the Life Cycle," TSE Working Papers 19-1041, Toulouse School of Economics (TSE), revised Mar 2021.
- Thierry Magnac & Sébastien Roux, 2021. "Heterogeneity and wage inequalities over the life cycle," Post-Print hal-04532017, HAL.
- Magnac, Thierry & Roux, Sébastien, 2020. "Heterogeneity and Wage Inequalities over the Life Cycle," CEPR Discussion Papers 15083, C.E.P.R. Discussion Papers.
- Vogel, Edgar & Ludwig, Alexander & Börsch-Supan, Axel, 2017.
"Aging and pension reform: extending the retirement age and human capital formation,"
Journal of Pension Economics and Finance, Cambridge University Press, vol. 16(1), pages 81-107, January.
- Vogel, Edgar & Ludwig, Alexander & Börsch-Supan, Axel, 2012. "Aging and pension reform: extending the retirement age and human capital formation," Working Paper Series 1476, European Central Bank.
- Vogel, Edgar & Ludwig, Alexander & Börsch-Supan, Axel, 2015. "Aging and Pension Reform: Extending the Retirement Age and Human Capital Formation," MEA discussion paper series 201206, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
- Edgar Vogel & Alexander Ludwig & Axel Börsch-Supan, 2013. "Aging and Pension Reform: Extending the Retirement Age and Human Capital Formation," NBER Working Papers 18856, National Bureau of Economic Research, Inc.
- Vogel, Edgar & Ludwig, Alexander & Börsch-Supan, Axel, 2014. "Aging and pension reform: Extending the retirement age and human capital formation," SAFE Working Paper Series 82, Leibniz Institute for Financial Research SAFE.
- Edgar Vogel & Alexander Ludwig & Axel Bцrsch-Supan, 2013. "Aging and Pension Reform: Extending the Retirement Age and Human Capital Formation," Working Paper Series in Economics 59, University of Cologne, Department of Economics.
- Bagchi, Shantanu, 2019.
"Differential mortality and the progressivity of social security,"
Journal of Public Economics, Elsevier, vol. 177(C), pages 1-1.
- Shantanu Bagchi, 2016. "Differential Mortality and the Progressivity of Social Security," Working Papers 2016-03, Towson University, Department of Economics, revised Aug 2016.
- Shantanu Bagchi, 2016. "Differential Mortality and the Progressivity of Social Security," Upjohn Working Papers 16-263, W.E. Upjohn Institute for Employment Research.
- Gaobo Pang, "undated".
"Tax-Deferred Savings and Early Retirement,"
Research Reports
3, Watson Wyatt Worldwide.
- Gaobo Pang & University of Maryland, 2006. "Tax-Deferred Savings and Early Retirement," Computing in Economics and Finance 2006 31, Society for Computational Economics.
- Manoli, Dayanand & Weber, Andrea, 2016.
"The Effects of the Early Retirement Age on Retirement Decisions,"
IZA Discussion Papers
10154, Institute of Labor Economics (IZA).
- Weber, Andrea & Manoli, Dayanand, 2016. "The Effects of the Early Retirement Age on Retirement Decisions," CEPR Discussion Papers 11491, C.E.P.R. Discussion Papers.
- Dayanand S. Manoli & Andrea Weber, 2016. "The Effects of the Early Retirement Age on Retirement Decisions," NBER Working Papers 22561, National Bureau of Economic Research, Inc.
- Christian N. Brinch & Erik Hernæs & Zhiyang Jia, 2017.
"Salience and Social Security Benefits,"
Journal of Labor Economics, University of Chicago Press, vol. 35(1), pages 265-297.
- Brinch, Christian N. & Hernæs, Erik & Jia, Zhiyang, 2015. "Salience and Social Security Benefits," Memorandum 13/2015, Oslo University, Department of Economics.
- Day Manoli & Kathleen J. Mullen & Mathis Wagner, 2015.
"Policy Variation, Labor Supply Elasticities, And A Structural Model Of Retirement,"
Economic Inquiry, Western Economic Association International, vol. 53(4), pages 1702-1717, October.
- Day Manoli & Kathleen J. Mullen & Mathis Wagner, 2014. "Policy Variation, Labor Supply Elasticities, and a Structural Model of Retirement," Working Papers WR-1068, RAND Corporation.
- Manoli, Dayanand & Mullen, Kathleen & Wagner, Mathis, 2014. "Policy Variation, Labor Supply Elasticities, and a Structural Model of Retirement," IZA Discussion Papers 8659, Institute of Labor Economics (IZA).
- Fonseca, Raquel & Moro-Egido, Ana I. & Morin, Hugo, 2024.
"Stress and retirement,"
Economic Modelling, Elsevier, vol. 131(C).
- Raquel Fonseca & Hugo Morin & Ana I. Moro-Egido, 2021. "Stress and Retirement," CIRANO Working Papers 2021s-10, CIRANO.
- Raquel Fonseca & Hugo Morin & Ana I. Moro-Egido, 2021. "Stress and Retirement," Cahiers de recherche / Working Papers 2103, Chaire de recherche sur les enjeux économiques intergénérationnels / Research Chair in Intergenerational Economics.
- Raquel Fonseca & Hugo Morin & Ana I. Moro-Egido, 2022. "Stress and Retirement," ThE Papers 22/14, Department of Economic Theory and Economic History of the University of Granada..
- Andrea ALBANESE & Bart COCKX, 2015.
"Permanent Wage Cost Subsidies for Older Workers. An Effective Tool for Increasing Working Time and Postponing Early Retirement?,"
LIDAM Discussion Papers IRES
2015006, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- Andrea Albanese & Bart Cockx, 2015. "Permanent Wage Cost Subsidies For Older Workers. An Effective Tool For Increasing Working Time And Postponing Early Retirement?," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 15/902, Ghent University, Faculty of Economics and Business Administration.
- Andrea Albanese & Bart Cockx, 2015. "Permanent Wage Cost Subsidies for Older Workers. An Effective Tool for Increasing Working Time and Postponing Early Retirement?," CESifo Working Paper Series 5301, CESifo.
- Albanese, Andrea & Cockx, Bart, 2015. "Permanent Wage Cost Subsidies for Older Workers: An Effective Tool for Increasing Working Time and Postponing Early Retirement?," IZA Discussion Papers 8988, Institute of Labor Economics (IZA).
- Jorge González Chapela, 2012. "The Effect of Residential Location on Retirement Age: Theory and Some Evidence on Male Behaviour in the US," Urban Studies, Urban Studies Journal Limited, vol. 49(10), pages 2153-2168, August.
- Feldstein, Martin & Liebman, Jeffrey B., 2002.
"Social security,"
Handbook of Public Economics, in: A. J. Auerbach & M. Feldstein (ed.), Handbook of Public Economics, edition 1, volume 4, chapter 32, pages 2245-2324,
Elsevier.
- Martin Feldstein & Jeffrey B. Liebman, 2001. "Social Security," NBER Working Papers 8451, National Bureau of Economic Research, Inc.
- Blundell, R. & French, E. & Tetlow, G., 2016. "Retirement Incentives and Labor Supply," Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 457-566, Elsevier.
More about this item
JEL classification:
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
- H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
- J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
NEP fields
This paper has been announced in the following NEP Reports:- NEP-AGE-2022-11-21 (Economics of Ageing)
- NEP-DGE-2022-11-21 (Dynamic General Equilibrium)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:vfsc22:264015. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/vfsocea.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.