Life-cycle unemployment, retirement, and parametric pension reform

Arbeitspapier

This paper investigates the consequences of pension reform for life-cycle unemployment and retirement. We find that (i) improving actuarial fairness in pension assessment not only boosts old age participation but also reduces unemployment among prime age workers and raises welfare; (ii) strengthening the tax benefit link boosts life-cycle labor supply on all margins and welfare; (iii) excluding unemployment benefits from the pension assessment base reduces unemployment, encourages later retirement and boosts efficiency; and (iv) extending the calculation period favors employment of young workers, might possibly lead to more unemployment among older ones, encourages postponed retirement and most likely yields positive welfare gains.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Reihe Ökonomie / Economics Series ; No. 267

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Social Security and Public Pensions ; Retirement; Retirement Policies
• Thema: pensions ; tax benefit link ; retirement , unemployment

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Fisher, Walter H. ; Keuschnigg, Christian
• Ereignis: Veröffentlichung
• (wer): Institute for Advanced Studies (IHS)
• (wo): Vienna
• (wann): 2011

Weitere Informationen

• Handle: http://hdl.handle.net/10419/68494
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ