Article (Scientific journals)
The double dividend of postponing retirement
Cremer, Helmuth; Pestieau, Pierre
2003In International Tax and Public Finance, 10 (4), p. 419-434
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Keywords :
social security reform; retirement age; implicit taxation
Abstract :
[en] Early retirement seems to plague social security systems in a number of European countries. In this paper we argue that delaying retirement may have two positive effects: it is likely to partially restore the financial balance of the system, and it may foster redistribution among retirees. To obtain such a double dividend, the benefit rule of the initial social security scheme must have the following two characteristics. First, it operates redistribution within generations. Second, it is "biased" and induces early retirement.
Disciplines :
Economic systems & public economics
Author, co-author :
Cremer, Helmuth
Pestieau, Pierre  ;  Université de Liège - ULiège > HEC - École de gestion de l'ULiège > Economie publique
Language :
English
Title :
The double dividend of postponing retirement
Publication date :
August 2003
Journal title :
International Tax and Public Finance
ISSN :
0927-5940
eISSN :
1573-6970
Publisher :
Kluwer Academic Publ, Dordrecht, Netherlands
Volume :
10
Issue :
4
Pages :
419-434
Peer reviewed :
Peer Reviewed verified by ORBi
Available on ORBi :
since 07 April 2013

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