Article (Scientific journals)
Social Security and Early Retirement in an Overlapping-Generations Growth Model
Michel, Philippe; Pestieau, Pierre
2013In Annals of Economics and Finance, 14, p. 705–719
 

Files


Full Text
PMPP.aef12013.pdf
Author postprint (164.55 kB)
Request a copy

All documents in ORBi are protected by a user license.

Send to



Details



Abstract :
[en] This paper explains why workers retire earlier, and earlier at the same time as society becomes more and more indebted through increasing pay-as-you- go pension liabilities. To do so, we extend the standard two-overlapping- generations growth model to allow for endogenous labor participation in the later period of life. We show that the rate of participation declines as the size of social security system increases. We also show that mandatory early retirement many be socially desirable in case of underaccumulation.
Disciplines :
Economic systems & public economics
Author, co-author :
Michel, Philippe
Pestieau, Pierre  ;  Université de Liège > HEC - École de gestion de l'ULiège > HEC-Ecole de gestion
Language :
English
Title :
Social Security and Early Retirement in an Overlapping-Generations Growth Model
Publication date :
2013
Journal title :
Annals of Economics and Finance
ISSN :
1529-7373
Publisher :
Peking University Press, Beijing, China
Volume :
14
Pages :
705–719
Available on ORBi :
since 03 May 2015

Statistics


Number of views
48 (4 by ULiège)
Number of downloads
0 (0 by ULiège)

Scopus citations®
 
19
Scopus citations®
without self-citations
19

Bibliography


Similar publications



Contact ORBi