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- W1592633398 abstract "Increasing the effective retirement age contributes to the sustainability of pension systems.However, oftentimes policies aiming at rising employment rates of older workers fall short indelaying retirement. This seems to be the case with retirement age flexibility reforms in Portugal.We analyze the recent Portuguese history of incentives to retire. For 1990-2006 we find thatindividuals faced very high implicit taxes on working with the result that half the workers had already left the labour force before age 65. We then look at the Social Security reforms in 2007 and find that the incentives to continue working became even smaller than they already were.We conclude that increasing the labour supply of older workers in a system with flexibleretirement age needs policies with more aggressive use of penalties and bonuses than whatdecision makers were willing to accept." @default.
- W1592633398 created "2016-06-24" @default.
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- W1592633398 date "2011-01-01" @default.
- W1592633398 modified "2023-09-27" @default.
- W1592633398 title "Are we doing enough to discourage early retirement" @default.
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