International Advances in Economic Research

, Volume 12, Issue 4, pp 530–539 | Cite as

Reinforcing the Link Between Contributions and Pensions: The Effect of the Population Aging

Article

Abstract

In this paper, we analyze a majority voting process on the earnings-related part of pension benefits in a Social Security system with flexible retirement. We show that the aging of the population may make it easier to implement one of the proposed reforms to achieve a delay in the average retirement age of workers, to reinforce the link between contributions and pensions.

Keywords

Social Security aging flexible retirement earnings-related pensions 

JEL

H55 J26 

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Copyright information

© IAES 2006

Authors and Affiliations

  1. 1.University of GranadaGranadaSpain

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