Reference : Raising the age of retirement: an example of political ratchet effect

	Document type :	Reports : External report
	Discipline(s) :	Business & economic sciences : Economic systems & public economics
	To cite this reference:	http://hdl.handle.net/2268/61991

Title :	Raising the age of retirement: an example of political ratchet effect
Language :	English
Author, co-author :	Lefebvre, Mathieu [Université de Liège - ULg > HEC-Ecole de gestion de l'ULg : UER > Economie publique appliquée >]
	Pestieau, Pierre [Université de Liège - ULg > HEC-Ecole de gestion de l'ULg > HEC-Ecole de gestion de l'ULg >]
	Vidal, Jean-Pierre [ > > ]
	Perelman, Sergio [Université de Liège - ULg > HEC-Ecole de gestion de l'ULg : UER > Economie publique appliquée >]
Publication date :	2005
Publisher :	Mimeo
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 units :	Centre de Recherche en Économie Publique et de la Population - C.R.E.P.P
Funders :	Fonds de la Recherche Fondamentale Collective d'Initiative des Chercheurs - FRFC
Conducted at the request of :	Mimeo
Permalink :	http://hdl.handle.net/2268/61991

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	Fulltext file(s): File Commentary Version Size Access Open access 106. Miméo Lefèbvre Perelman Pestieau Vidal.doc Author postprint 446.5 kB View/Open

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