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

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  • Juan Lacomba
  • Francisco Lagos

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. Copyright IAES 2006

Suggested Citation

  • Juan Lacomba & Francisco Lagos, 2006. "Reinforcing the Link Between Contributions and Pensions: The Effect of the Population Aging," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 12(4), pages 530-539, November.
    • Handle: RePEc:kap:iaecre:v:12:y:2006:i:4:p:530-539:10.1007/s11294-006-9045-z
    DOI: 10.1007/s11294-006-9045-z
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    References listed on IDEAS

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    1. Sveinbjörn Blöndal & Stefano Scarpetta, 1999. "The Retirement Decision in OECD Countries," OECD Economics Department Working Papers 202, OECD Publishing.
    2. Georges Casamatta & Helmuth Cremer & Pierre Pestieau, 2000. "The Political Economy of Social Security," Scandinavian Journal of Economics, Wiley Blackwell, vol. 102(3), pages 503-522, September.
    3. Sheshinski, Eytan, 1978. "A model of social security and retirement decisions," Journal of Public Economics, Elsevier, vol. 10(3), pages 337-360, December.
    4. Juan Lacomba & Francisco Lagos, 2006. "Population aging and legal retirement age," Journal of Population Economics, Springer;European Society for Population Economics, vol. 19(3), pages 507-519, July.
    5. Vincent P. Crawford & David M. Lilien, 1981. "Social Security and the Retirement Decision," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 96(3), pages 505-529.
    6. Friedrich Breyer, 1994. "Voting On Social Security When Labor Supply Is Endogenous†," Economics and Politics, Wiley Blackwell, vol. 6(2), pages 119-130, July.
    7. John B. Burbidge & A. Leslie Robb, 1980. "Pensions and Retirement Behaviour," Canadian Journal of Economics, Canadian Economics Association, vol. 13(3), pages 421-437, August.
    8. Casamatta, Georges & Cremer, Helmuth & Pestieau, Pierre, 2000. " The Political Economy of Social Security," Scandinavian Journal of Economics, Wiley Blackwell, vol. 102(3), pages 503-522, June.
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    More about this item

    Keywords

    Social Security; aging; flexible retirement; earnings-related pensions; H55; J26;
    All these keywords.

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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