ELECTION ON RETIREMENT AGE

Francisco Lagos and Juan Antonio Lacomba
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Juan Antonio Lacomba: Universidad de Alicante

Working Papers. Serie AD from Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie)

Abstract: We analyze the relationship between wage distribution, degree of redistribution of the Social Security and effective retirement age. We develop a two-staged political economy model. In the first stage government chooses the redistribution level of the Social Security Program, according to three different criteria. In second stage the retirement age is elected through a majority voting process by agents with different wages, knowing exactly the redistribution level and voting accordingly. We analyze the different elected retirement age under each government criterium.

Keywords: Wage distribution; retirement age; level of redistribution; median voter (search for similar items in EconPapers)
JEL-codes: D40 G21 L10 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2001-03
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:ivi:wpasad:2001-09

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