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Le double dividende des politiques incitatives à l'allongement de la durée de vie active

Author

Listed:
  • Jean-Olivier Hairault
  • François Langot
  • Thepthida Sopraseuth

Abstract

We extend McCall?s [1970] job search model by explicitly integrating life-cycle features and retirement decisions. Using simulations, we show that the effective tax on continued activity caused by the French social security system in conjunction with the generosity of unemploymentn benefits for older workers helps explain the low rate of employment just before the early retirement age. Decreasing this tax, thus bringing it closer to the actuarially-fair scheme not only extends the retirement age, but also encourages a more intensive job-search by older unemployed individuals. Classification JEL : H31, H55, J26

Suggested Citation

  • Jean-Olivier Hairault & François Langot & Thepthida Sopraseuth, 2006. "Le double dividende des politiques incitatives à l'allongement de la durée de vie active," Revue économique, Presses de Sciences-Po, vol. 57(3), pages 449-460.
    • Handle: RePEc:cai:recosp:reco_573_0449
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    References listed on IDEAS

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    1. Fabien Postel-Vinay & Jean-Marc Robin, 2002. "Equilibrium Wage Dispersion with Worker and Employer Heterogeneity," Econometrica, Econometric Society, vol. 70(6), pages 2295-2350, November.
    2. Jean-Olivier Hairault & François Langot & Thepthida Sopraseuth, 2004. "Retraite choisie et réduction des déficits," Revue Française d'Économie, Programme National Persée, vol. 18(3), pages 75-136.
    3. repec:hal:spmain:info:hdl:2441/c8dmi8nm4pdjkuc9g8grh35j2 is not listed on IDEAS
    4. Antoine d'Autume & Jean-Paul Betbèze & Jean-Olivier Hairault, 2006. "Les seniors et l'emploi en France," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00202023, HAL.
    5. Didier Blanchet & Louis-Paul Pele, 1999. "Social Security and Retirement in France," NBER Chapters, in: Social Security and Retirement around the World, pages 101-133, National Bureau of Economic Research, Inc.
    6. Sargent, Thomas & Ljungqvist, Lars, 2002. "The European Employment Experience," CEPR Discussion Papers 3543, C.E.P.R. Discussion Papers.
    7. repec:hal:spmain:info:hdl:2441/dc0ckec3fcb29ms985085gkbp is not listed on IDEAS
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    Cited by:

    1. Hairault, Jean-Olivier & Langot, François & Sopraseuth, Thepthida, 2005. "Les effets à rebours de l'âge de la retraite sur le taux d'emploi des seniors," CEPREMAP Working Papers (Docweb) 0513, CEPREMAP.

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    More about this item

    JEL classification:

    • H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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