Social security and retirement decision: A positive and normative approach
Social security | Optimal income taxation | Majority voting | Early retirement | early retirement; majority voting; optimal income taxation; social security | social security, early retirement, optimal income taxation, ma jority voting. 2006/20 Political information acquisition for social exchange
Social insurance for the elderly is judged responsible for the widely observed trend towards early retirement. In a world of laissez-faire or in a first-best setting, there would be no such trend. However, when first-best instruments are not available, because health an...