TY  - JOUR
AU  - Diamond,Peter
TI  - Pensions for an Aging Population
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 11877
PY  - 2005
Y2  - December 2005
UR  - http://www.nber.org/papers/w11877
L1  - http://www.nber.org/papers/w11877.pdf
N1  - Author contact info:
Peter A. Diamond
Department of Economics
Massachusetts Institute of Technology
50 Memorial Drive, Room E52-344
Cambridge, MA 02142-1347
Tel: 617/253-3363
Fax: 617/253-1330
E-Mail: pdiamond@mit.edu
AB  - After presenting the Gruber-Wise analysis showing a strong effect on retirement of implicit taxes from pension rules, it is shown that there is no effect of these implicit taxes on unemployment. This supports the argument for avoiding high implicit taxes on continued work. Also discussed are methods for adjusting benefits and taxes for increases in life expectancy, with particular attention to increasing "the retirement age." Calculations are presented showing the decreases in benefits for an increase in the normal retirement age in the US and the years of service for a full benefit in France.
ER  -