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Early retirement
被引：36
|作者：
Conde-Ruiz, JI
Galasso, V
机构：
[1] Univ Bocconi, Ist Econ Polit, I-20136 Milan, Italy
[2] FEDEA, Madrid 28001, Spain
[3] Univ Pompeu Fabra, Dept Econ, Barcelona 08005, Spain
[4] IGIER, Milan, Italy
[5] Univ Carlos III Madrid, Madrid, Spain
[6] CEPR, London, England
关键词：
social security;
policy persistence;
structure-induced equilibrium;
D O I：
10.1016/S1094-2025(02)00018-2
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Generous early retirement provisions account for a large proportion of the drop in the labor force participation of elderly workers. The aim of this paper is to provide a positive theory of early retirement. We suggest that the political support for generous early retirement provisions relies on: (i) the existence of a significant group of elderly workers with incomplete working history, who are not entitled to an old age pension; and (ii) the intragenerational redistribution built in this provision via the utility from leisure that induces low-ability workers to retire early. The majority which supports early retirement in a bidimensional voting game is composed of elderly with incomplete working history and low-ability workers; social security is supported by retirees and low-ability workers. (C) 2002 Elsevier Science (USA). All rights reserved.
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页码：12 / 36
页数：25
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