Reinforcing the Link Between Contributions and Pensions: The Effect of the Population Aging
- 92 Downloads
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
Unable to display preview. Download preview PDF.
- Blondal, S.; Scarpetta, S. “The Retirement Decision in OECD Countries,” OECD Economics Department Working Papers, 202, 1999, pp. 1–106.Google Scholar
- Breyer, F. “Voting on Social Security when Labor Supply is Endogenous,” Economics and Politics, 6, 1994, pp. 119–30.Google Scholar
- Gruber, J.; Wise, D. Social Security Programs and Retirement Around the World, Chicago: The Chicago University Press, 1997.Google Scholar
- Lacomba, J.A.; Lagos, F. “Population Aging and Legal Retirement Age,” Journal of Population Economics, 19, 2006, pp. 507–19.Google Scholar
- Lagos, F.; Lacomba, Juan A. “The Role of Inmigration in the Retirement Age Reform: A Theoretical Analysis,” The B.E. Journals in Economic Analysis & Policy, 14 (5), 2005, pp. 1–20.Google Scholar