Do pensions increase the labor supply of older men?

Article Abstract:

The assumption that expanded pension coverage leads to early retirement among male employees lacks sufficient justification. This is shown by data from the Social Security Administration Retirement History Longitudinal Survey (RHS). RHS statistics indicate that pensions are connected with higher employment rates for men in their late 50s and early 60s, although employment rates were lower for males from 65 to 69 years of age. However, age upon joining pension employment has a positive correlation with future labor supply.

Pension, health, and welfare funds, Pension Funds & Benefit Plans, Pension Funds, Pensions

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Market failures in the R&D growth model with endogenous labor supply

Article Abstract:

An economic growth model in an imperfect competition environment reveals that market failure will occur even in the absence of externalities. The market failure occurs workers are often paid less than the value of their marginal products discouraging optimal productivity and hampering growth. However, such an inefficiency can be addressed by introducing an appropriate wage subsidy.

Models, Economic development, Monopolistic competition

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Labor supply, household production and intra-family distribution

Article Abstract:

Issues concerning the roles played by household production information in creating models of labor-supply and assessing the income distribution within families are discussed. Particular attention is given to behavioral reactions to economic regulations.

Social aspects, Economic policy, Behavioral assessment

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