Political election on legal retirement age
Identificadores
URI: http://hdl.handle.net/10481/31471Metadata
Show full item recordEditorial
Universidad de Granada. Departamento de Teoría e Historia Económica
Materia
Model Retirement ages Workers Pension system
Date
2005Referencia bibliográfica
Lacomba, J.A.; Lagos, F.M. Political election on legal retirement age. Universidad de Granada. Departamento de Teoría e Historia Económica (2005). (The Papers; 05/10). [http://hdl.handle.net/10481/31471]
Abstract
We use a lifecycle model in which individuals differ by age and by wage in order to analyze a pairwise majority voting process on the legal retirement age. We consider two different retirement regimes. In
the first one the retirees do not return to the labor market, regardless the new retirement age. In the second one, they have to return if thisage is higher than her own age. We show that the final outcome of the
voting process will crucially depend on the retirement regime as well as on the parameters of the Social Security, that is, the redistributive character of the system and the present legal retirement age.