Journal of Monetary Economics volume 59, issue 1, P84-107 2012 DOI: 10.1016/j.jmoneco.2011.10.006 View full text
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Andrés Erosa, Luisa Fuster, Gueorgui Kambourov

Abstract: There are substantial crosscountry differences in labor supply late in the life cycle (age 50+). A theory of labor supply and retirement decisions is developed to quantitatively assess the role of social security, disability insurance, and taxation for understanding differences in labor supply late in the life cycle across European countries and the United States. The findings support the view that government policies can go a long way towards accounting for the low labor supply late in the life cycle in the E…

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