Pensions for aging population
by Peter A. Diamond
After presenting the Gruber-Wise analysis showing a strong effect on retirement of implicit taxes from pension rules, it is shown that there is no effect of these implicit taxes on unemployment. This supports the argument for avoiding high implicit taxes on continued work. Also discussed are methods for adjusting benefits and taxes for increases in life expectancy, with particular attention to increasing the retirement age. Calculations are presented showing the decreases in benefits for an increase in the normal retirement age in the US and the years of service for a full benefit in France. Keywords: social security, retirement, unemployment, life expectancy, normal retirement age. JEL Classifications: H550.
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Econometric models, Retirement, PensionsPlaces
United States, France| Edition | Availability |
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Pensions for aging population
2005, Massachusetts Institute of Technology, Dept. of Economics
in English
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Edition Notes
"December 1, 2005."
Includes bibliographical references (p. 28).
Abstract in HTML and working paper for download in PDF available via World Wide Web at the Social Science Research Network.
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- Created May 7, 2011
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| May 7, 2011 | Edited by ImportBot | Added new cover |
| May 7, 2011 | Created by ImportBot | Imported from Internet Archive item record |