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Please use this identifier to cite or link to this item: http://hdl.handle.net/10481/31521

Title: Defined contribution vs defined pension: reforming the legal retirement age
Authors: Lacomba, Juan Antonio
Lagos, Francisco Miguel
Issue Date: 2008
Abstract: In this paper we analyze the effects of changing Social Security parameters on the optimal legal retirement age. Two Social Security Systems are studied, with opposite results. When the pension scheme has a defined contribution, a more redistributive system will delay the preferred legal retirement age. On the other hand, when the pension benefit is the defined parameter, the increase in the redistribution level will lower this preferred age.
Publisher: Universidad de Granada. Departamento de Teoría e Historia Económica
Series/Report no.: The Papers;08/13
Keywords: Legal retirement age
Pension benefits
Social Security
URI: http://hdl.handle.net/10481/31521
Rights : Creative Commons Attribution-NonCommercial-NoDerivs 3.0 License
Citation: Lacomba, J.A.; Lagos, F.M. Defined contribution vs defined pension: reforming the legal retirement age. Universidad de Granada. Departamento de Teoría e Historia Económica (2008). (The Papers; 08/13). [http://hdl.handle.net/10481/31521]
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