Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/26396 
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dc.contributor.authorCremer, Helmuthen
dc.contributor.authorde Donder, Philippeen
dc.contributor.authorMaldonado, Daríoen
dc.contributor.authorPestieau, Pierreen
dc.date.accessioned2008-07-22-
dc.date.accessioned2009-07-28T08:31:22Z-
dc.date.available2009-07-28T08:31:22Z-
dc.date.issued2008-
dc.identifier.urihttp://hdl.handle.net/10419/26396-
dc.description.abstractThis paper shows that the combination of habit formation - present consumption creating additional consumption needs in the future - and myopia may explain why some retirees are forced to unretire, i.e., unexpectedly return to work. It also shows that when myopia about habit formation leads to unretirement there is a case for government's intervention. In a first-best setting the optimal solution can be decentralized by a simple Pigouvian (paternalistic) consumption tax (along with suitable lump-sum taxes). In a second-best setting, when personalized lump-sum transfers are not available, consumption taxes may have conflicting paternalistic and redistributive effects. We study the design of consumption taxes in such a setting when myopic individuals differ in productivity.en
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x2351en
dc.subject.jelD91en
dc.subject.jelH21en
dc.subject.jelH55en
dc.subject.ddc330en
dc.subject.keywordHabit formationen
dc.subject.keywordmyopiaen
dc.subject.keywordunretiringen
dc.subject.stwEinkommenshypotheseen
dc.subject.stwKonsumen
dc.subject.stwRisikoen
dc.subject.stwAltersgrenzeen
dc.subject.stwArbeitsangeboten
dc.subject.stwVerbrauchsteueren
dc.subject.stwTheorieen
dc.titleHabit formation and labor supply-
dc.typeWorking Paperen
dc.identifier.ppn57227565Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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