Use and misuse of unemployment benefits for early retirement
1
IDEI -
Institut d'Economie Industrielle
2 GREMAQ - Groupe de recherche en économie mathématique et quantitative
3 IUF - Institut universitaire de France
4 PJSE - Paris-Jourdan Sciences Economiques
5 PSE - Paris School of Economics
6 CORE - Center of Operation Research and Econometrics [Louvain]
7 CREPP - Center of Research in Public Economics and Population Economics
8 CEPR - Center for Economic Policy Research
2 GREMAQ - Groupe de recherche en économie mathématique et quantitative
3 IUF - Institut universitaire de France
4 PJSE - Paris-Jourdan Sciences Economiques
5 PSE - Paris School of Economics
6 CORE - Center of Operation Research and Econometrics [Louvain]
7 CREPP - Center of Research in Public Economics and Population Economics
8 CEPR - Center for Economic Policy Research
Helmuth Cremer
- Fonction : Auteur
- PersonId : 833684
Résumé
Unemployment insurance (UI) in some countries is one of the most widely used routes to early retirement. Accordingly, firms lay off elderly workers whose wages exceed their productivity. These workers then receive unemployment benefits until they enter formal retirement, even though they have effectively already exited the labor market. To persuade them into finding the deal acceptable, they quite often may also receive some additional compensation from their employers. In this paper we consider three routes of transition from work to formal retirement that rely on UI: (i) standard unemployment compensation, (ii) public early retirement program yielding benefits higher than the unemployment compensation and (iii) unemployment compensation along with an income supplement provided by the former employer. The study examines under which conditions these three alternative practices can occur.
Domaines
Economies et financesFormat du dépôt | Notice |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
Use and misuse of unemployment benefits for early retirement
|
Résumé |
en
Unemployment insurance (UI) in some countries is one of the most widely used routes to early retirement. Accordingly, firms lay off elderly workers whose wages exceed their productivity. These workers then receive unemployment benefits until they enter formal retirement, even though they have effectively already exited the labor market. To persuade them into finding the deal acceptable, they quite often may also receive some additional compensation from their employers. In this paper we consider three routes of transition from work to formal retirement that rely on UI: (i) standard unemployment compensation, (ii) public early retirement program yielding benefits higher than the unemployment compensation and (iii) unemployment compensation along with an income supplement provided by the former employer. The study examines under which conditions these three alternative practices can occur.
|
Auteur(s) |
Helmuth Cremer
1, 2, 3
, Jean-Marie Lozachmeur
1, 2
, Pierre Pestieau
4, 5, 6, 7, 8
1
IDEI -
Institut d'Economie Industrielle
( 199449 )
- Manufacture des Tabacs, Aile Jean-Jacques Laffont, 21 allée de Brienne 31015 Toulouse Cedex 6
- France
2
GREMAQ -
Groupe de recherche en économie mathématique et quantitative
( 744 )
- manufacture des tabacs - bat. F 21 Allée de Brienne 31000 TOULOUSE
- France
3
IUF -
Institut universitaire de France
( 56663 )
- Maison des Universités 103 Boulevard Saint-Michel 75005 Paris
- France
4
PJSE -
Paris-Jourdan Sciences Economiques
( 1312 )
- 48 boulevard Jourdan 75014 Paris
- France
5
PSE -
Paris School of Economics
( 301309 )
- 48 boulevard Jourdan 75014 Paris
- France
6
CORE -
Center of Operation Research and Econometrics [Louvain]
( 48233 )
- 34, Voie du Roman Pays B-1348 Louvain-la-Neuve
- Belgique
7
CREPP -
Center of Research in Public Economics and Population Economics
( 143557 )
- Belgique
8
CEPR -
Center for Economic Policy Research
( 143559 )
- Royaume-Uni
|
Page/Identifiant |
174-185
|
Numéro |
2
|
Comité de lecture |
Oui
|
Vulgarisation |
Non
|
Langue du document |
Anglais
|
Nom de la revue |
|
Audience |
Non spécifiée
|
Date de publication |
2009-06
|
Volume |
25
|
Public visé |
Scientifique
|
Sous-type de document pour les Articles |
Research article
|
Version du document |
version éditeur
|
Domaine(s) |
|
Mots-clés (JEL) |
|
Voir aussi |
|
Indexation contrôlée |
|
Mots-clés |
fr
Early retirement, Unemployment
|
DOI | 10.1016/j.ejpoleco.2008.09.009 |
ProdINRA | 316726 |
UT key WOS | 000265340200003 |
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