Artikel
Postponing the legal retirement age
This paper analyzes the reform of the pensionable age as an answer to the future financing problems of public pension systems. We use a two-staged model where, first, the government decides the redistribution level of the pension system and, secondly, individuals face a voting process on the legal retirement age. The results suggest that governments attempting to postpone the legal retirement age should increase the degree of intra-generational redistribution of the pension system in order to make the reform aimed at more easily achievable. More importantly, the most productive individuals could support some degree of redistribution to that aim.
- Language
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Englisch
- Bibliographic citation
-
Journal: SERIEs - Journal of the Spanish Economic Association ; ISSN: 1869-4195 ; Volume: 1 ; Year: 2010 ; Issue: 3 ; Pages: 357-369 ; Heidelberg: Springer
- Classification
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Wirtschaft
Social Security and Public Pensions
Retirement; Retirement Policies
- Subject
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legal retirement age
voting process
degree of redistribution
Flexible Altersgrenze
Rentenreform
Rentenfinanzierung
Verteilungswirkung
Wirtschaftswissenschaft
Theorie
- Event
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Geistige Schöpfung
- (who)
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Lacomba, Juan A.
Lagos, Francisco
- Event
-
Veröffentlichung
- (who)
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Springer
- (where)
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Heidelberg
- (when)
-
2010
- DOI
-
doi:10.1007/s13209-009-0006-7
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Lacomba, Juan A.
- Lagos, Francisco
- Springer
Time of origin
- 2010
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