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Please use this identifier to cite or link to this item: http://hdl.handle.net/10481/31477

Title: Population aging and legal retirement age
Authors: Lacomba, Juan Antonio
Lagos, Francisco Miguel
Issue Date: 2005
Abstract: This paper analyzes the effects of population aging on the preferred legal retirement age. What is revealed is the crucial role that the indirect ’macro’ effects resulting from a change in the legal retirement age play in the optimal decision. Two Social Security systems are studied. Under a defined contribution scheme aging lowers the preferred legal retirement age. However, under a defined pension scheme the retirement age is delayed. This result shows the relevance of correctly choosing the parameter affected by the dependency ratio in the design of the Social Security programme.
Publisher: Universidad de Granada. Departamento de Teoría e Historia Económica
Series/Report no.: The Papers;05/16
Keywords: Social security
Aging
Legal retirement age
URI: http://hdl.handle.net/10481/31477
Rights : Creative Commons Attribution-NonCommercial-NoDerivs 3.0 License
Citation: Lacomba, J.A.; Lagos, F.M. Population aging and legal retirement age. Universidad de Granada. Departamento de Teoría e Historia Económica (2005). (The Papers; 05/16). [http://hdl.handle.net/10481/31477]
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