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Social Security and Early Retirement (CESifo Book Series)

Fenge, Robert; Pestieau, Pierre

Verlag: The MIT Press, Cambridge, Massachusetts, U.S.A., 2006
ISBN 10: 0262062496 / ISBN 13: 9780262062497
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Titel: Social Security and Early Retirement (CESifo...

Verlag: The MIT Press, Cambridge, Massachusetts, U.S.A.

Erscheinungsdatum: 2006

Einband: hardcover

Zustand: Very Good

Zustand des Schutzumschlags: Good

Auflage: First Edition, First Printing.

Art des Buches: Used

Beschreibung:

Hardcover is sound. Dust jacket with very slightly worn leading corners and spine ends and tiny scrape on lower edge. Pages are clean and tight throughout. T. Buchnummer des Verkäufers 274677

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Inhaltsangabe: The contrasting trends toward earlier retirement and greater longevity have resulted in steadily increasing retirement costs over the last forty years. One important factor influencing early retirement decisions is the expansion of retirement benefits; but studies predict that most countries, particularly those with early retirement incentives, will be unable to meet future pension and social security obligations. In this timely CESifo volume, Robert Fenge and Pierre Pestieau examine empirical and theoretical evidence that explains why early retirement has become such a burden for social security systems and suggest pension system reforms that will reverse the trend. Drawing on evidence from the European Union (with comparisons to other industrialized countries including the United States and Canada), the authors demonstrate that the effective retirement age is influenced by social security regulations (such as a change in eligibility age) and discuss ways of measuring these embedded incentives. Fenge and Pestieau examine the implicit taxes on prolonged working life from normative and political economy perspectives. They discuss optimal payroll tax rates that minimize distortions of labor supply and retirement decisions and consider alternative ways to finance benefits, including consumption and capital income taxation. They discuss why policies are designed to discourage employment among older workers and why reforms to counter this often meet resistance. They demonstrate, contrary to the belief of many European governments, that pushing older workers into retirement does not free jobs for young unemployed workers. They show that the gap between salaries and productivity is an incentive for employers to rid themselves of older workers and argue that governments should not support this behavior by compensating older workers for the difference between severance payments and salaries in early retirement programs.

Rezension: --James M. Poterba, Mitsui Professor of Economics, MIT

--David Miles, Morgan Stanley and Imperial College, London

--Richard Disney, University of Nottingham and Institute for Fiscal Studies, London

" This book summarizes recent research on the links between the structure of social security and early retirement. It is well written and covers a good deal of very new material. All in all, a very useful volume." --David Miles, Morgan Stanley and Imperial College, London

" This book combines interesting theoretical work on the design of social insurance programs with a clear discussion of recent trends in the labor market behavior of the elderly. A valuable advance in our understanding of optimal retirement policy." --James M. Poterba, Mitsui Professor of Economics, MIT

" Understanding the role of social security in promoting early retirement is crucial if we are to sustain social security programs during the coming demographic transition. Robert Fenge and Pierre Pestieau draw on their considerable expertise to examine both theoretical and empirical perspectives on this important issue." --Richard Disney, University of Nottingham and Institute for Fiscal Studies, London

& quot; This book summarizes recent research on the links between the structure of social security and early retirement. It is well written and covers a good deal of very new material. All in all, a very useful volume.& quot; --David Miles, Morgan Stanley and Imperial College, London

& quot; This book combines interesting theoretical work on the design of social insurance programs with a clear discussion of recent trends in the labor market behavior of the elderly. A valuable advance in our understanding of optimal retirement policy.& quot; --James M. Poterba, Mitsui Professor of Economics, MIT

& quot; Understanding the role of social security in promoting early retirement is crucial if we are to sustain social security programs during the coming demographic transition. Robert Fenge and Pierre Pestieau draw on their considerable expertise to examine both theoretical and empirical perspectives on this important issue.& quot; --Richard Disney, University of Nottingham and Institute for Fiscal Studies, London

"This book combines interesting theoretical work on the design of social insurance programs with a clear discussion of recent trends in the labor market behavior of the elderly. A valuable advance in our understanding of optimal retirement policy."--James M. Poterba, Mitsui Professor of Economics, MIT

"This book summarizes recent research on the links between the structure of social security and early retirement. It is well written and covers a good deal of very new material. All in all, a very useful volume."--David Miles, Morgan Stanley and Imperial College, London

"Understanding the role of social security in promoting early retirement is crucial if we are to sustain social security programs during the coming demographic transition. Robert Fenge and Pierre Pestieau draw on their considerable expertise to examine both theoretical and empirical perspectives on this important issue."--Richard Disney, University of Nottingham and Institute for Fiscal Studies, London

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