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Please use this identifier to cite or link to this item: http://hdl.handle.net/10481/31474

Title: Postponing the legal retirement age
Authors: Lacomba, Juan Antonio
Lagos, Francisco Miguel
Issue Date: 2005
Abstract: This paper analyzes the reform of the pensionable age as an answer to the future financing problems of public pension systems. We use a two-staged model where, firstly, the government decides the redistribution level of the pension system, and, secondly, individuals face a voting process on the legal retirement age. Our results suggest that an increase in the re-distributive character of the system could lead to a larger social consensus to postpone the legal retirement age. Surprisingly, it could be the case that the richest people would support more redistribution if that implies to postpone the pensionable age.
Publisher: Universidad de Granada. Departamento de Teoría e Historia Económica
Series/Report no.: The Papers;05/13
Keywords: Legal retirement age
Pension benefits
Redistribution level
URI: http://hdl.handle.net/10481/31474
Rights : Creative Commons Attribution-NonCommercial-NoDerivs 3.0 License
Citation: Lacomba, J.A.; Lagos, F. Postponing the legal retirement age. Universidad de Granada. Departamento de Teoría e Historia Económica (2005). (The Papers; 05/13). [http://hdl.handle.net/10481/31474]
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