000			01801nab#a2200313#c#4500
999			_c78854 _d78854
003			IEF
005			20191030192256.0
008			070313s2006 ESP|| #####0 b|ENG|u
040			_aIEF _cES-MaIEF
041			_aENG
100	1		_aPestieau, Pierre _935272
245			_aRecent work on the theory of early retirement _c Pierre Pestieau, Helmuth Cremer, Jean Marie Lozachmeur
260			_c2006
500			_aBibliografía.
520			_aPension systems are often blamed for distorting the retirement ageand they are held responsible for the widely observed trend towards early retirement. In a world of laissez - faire or in a first - setting, there would be no such distortions. However, they may be unavoidable when first - best instrumentsare nor available, becouse health and productivity are not observable. We show that while there is no doubt that retirement age is too low in many countries, acomplete elimination of this bias is not the right answer. In other words, reforms that involve a switch to an actuarially fair system would be overshooting. We present normative and positive arguments. First, some distortions are second -best optimal. Second, and on the positive side, the elimination of the bias might be problematic from a political perspective.
650		4	_aSEGURIDAD SOCIAL _948362
650		4	_aPENSIONES _948000
650		4	_aEDAD DE JUBILACION _943203
650		4	_aIMPOSICION OPTIMA _97978
650		4	_aPOLITICA FISCAL _948067
650		4	_aMODELOS ECONOMETRICOS _947776
700	1		_aCremer, Helmuth _931889
700	1		_aLozachmeur, Jean Marie _920926
773	0		_tHacienda Pública Española _w34570 _gn. 179 (4/2006), p. 9-24
856			_uhttps://hpe-rpe.org/published-articles/#55-wpfd-179-4-2006
942			_cART _2udc
942			_2udc