Reinforcing the Link Between Contributions and Pensions: The Effect of the Population Aging
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.
KeywordsSocial Security aging flexible retirement earnings-related pensions
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