منابع مشابه
Lagos Population aging and legal retirement age
This paper analyzes the effects of population aging on the preferred legal retirement age. What is revealed is the crucial role that the indirect ‘macro’ effects resulting from a change in the legal retirement age play in the optimal decision. Two social security systems are studied. Under a defined contribution scheme, aging lowers the preferred legal retirement age. However, under a defined p...
متن کاملPopulation Aging and Legal Retirement Age∗
This paper analyzes the effects of population aging on the preferred legal retirement age. What is revealed is the crucial role that the indirect ’macro’ effects resulting from a change in the legal retirement age play in the optimal decision. Two Social Security systems are studied. Under a defined contribution scheme aging lowers the preferred ∗All correspondence to Francisco Lagos. The autho...
متن کاملOptimal Retirement Age and Aging Population∗
Over recent decades, most developed countries have experienced a fall in fertility and an increase in longevity which have led to a significant increase in the weight of elderly on the population and a decrease in the number of working-age people per elderly population. Economists and politicians are concerned about the aging population process and the need to introduce policy reforms such as f...
متن کاملPolitical election on legal retirement age
We use a lifecycle model in which individuals differ by age and by wage in order to analyze a pairwise majority voting process on the legal retirement age. We consider two different retirement regimes. In the first one the retirees do not return to the labor market, regardless the new retirement age. In the second one, they have to return if this ∗Corresponding author. Juan Antonio Lacomba, Dep...
متن کاملOn Financing Retirement with an Aging Population
___________________________________________________________________ A problem facing the United States is financing retirement consumption as its population ages. Policy analysts increasingly advocate savings-for-retirement systems, but are concerned with insufficient savings opportunities with limited government debt. This concern is unwarranted. First, there is more productive capital than co...
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ژورنال
عنوان ژورنال: Journal of Population Economics
سال: 2005
ISSN: 0933-1433,1432-1475
DOI: 10.1007/s00148-005-0044-9