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Aging, Retirement And Social Security In A Model Of Interest Groups

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  • Paola Profeta

Abstract

What is the influence of aging on the duration of retirement and on social security transfers? A model of political economy permits to investigate the duration of retirement and the social security transfer at equilibrium with the total number of elderly. In an overlapping generation model with interest groups, an increase in the proportion of elderly tends to increase the total social security transfers. However, if the pressure exerted by a group is described by a function with decreasing marginal returns to size, an increase in the number of elderly decreases the duration of retirement and may decrease the per head social security transfer.

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  • Paola Profeta, 2004. "Aging, Retirement And Social Security In A Model Of Interest Groups," Mathematical Population Studies, Taylor & Francis Journals, vol. 11(2), pages 93-120.
    • Handle: RePEc:taf:mpopst:v:11:y:2004:i:2:p:93-120
    DOI: 10.1080/08898480490479002
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    References listed on IDEAS

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    1. Casey B. Mulligan & Xavier Sala-i-Martin, 1999. "Gerontocracy, retirement, and social security," Economics Working Papers 383, Department of Economics and Business, Universitat Pompeu Fabra.
    2. Martin Feldstein & Andrew Samwick, 1997. "The Economics of Prefunding Social Security and Medicare Benefits," NBER Chapters, in: NBER Macroeconomics Annual 1997, Volume 12, pages 115-164, National Bureau of Economic Research, Inc.
    3. Mulligan, Casey B. & Sala-i-Martin, Xavier, 1999. "Gerontocracy, Retirement, and Social Security," Working Papers 154, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
    4. Paola Profeta, 2002. "Aging and Retirement: Evidence Across Countries," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 9(6), pages 651-672, November.
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    Cited by:

    1. Ryo Arawatari & Tetsuo Ono, 2011. "Retirement and social security: the roles of self-fulfilling expectations and educational investments," Economics of Governance, Springer, vol. 12(4), pages 353-383, December.

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