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Raising the age of retirement: an example of political ratchet effect
Lefebvre, Mathieu; Pestieau, Pierre; Vidal, Jean-Pierre et al.
2005
 

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Abstract :
[en] Political resistance to a progressive increase in the retirement age is widespread in a number of European countries. We present a simple model explaining why such a reform can be opposed even when it is profitable to a majority of citizens. Then, we try to explain the existence of wide differences in the average length of retirement across countries and over time.
Research center :
CREPP - Centre de Recherche en Économie Publique et de la Population - ULiège
Disciplines :
Economic systems & public economics
Author, co-author :
Lefebvre, Mathieu  ;  Université de Liège - ULiège > HEC-Ecole de gestion : UER > Economie publique appliquée
Pestieau, Pierre  ;  Université de Liège - ULiège > HEC-Ecole de gestion > HEC-Ecole de gestion
Vidal, Jean-Pierre
Perelman, Sergio  ;  Université de Liège - ULiège > HEC-Ecole de gestion : UER > Economie publique appliquée
Language :
English
Title :
Raising the age of retirement: an example of political ratchet effect
Publication date :
2005
Publisher :
Mimeo
Commissioned by :
Mimeo
Funders :
FRFC - Fonds de la Recherche Fondamentale Collective [BE]
Available on ORBi :
since 12 June 2010

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