Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/125308
Authors: 
Jiménez-Martín, Sergi
Year of Publication: 
2014
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Year:] 2014 [Issue:] 84
Abstract: 
The main purpose of minimum pension benefit programs and old-age social assistance programs is to guarantee a minimum standard of living after retirement and thus to alleviate poverty in old age. In many developing and developed countries, the minimum pension program is a key welfare program and a major influence on the retirement decisions of low-income workers and workers with erratic work histories. The design of many minimum pension programs tends to create strong incentives for low-income workers to retire as soon as they become eligible for the program, which is often earlier than the normal retirement age.
Subjects: 
retirement
incentives to retire
life-cycle model
minimum pension
JEL: 
H55
H75
J22
J26
D91
Persistent Identifier of the first edition: 
Document Type: 
Article

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