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• W2061353304 abstract "Abstract This paper studies a model where the existence of a pension system is decided by majority voting. We assume that individuals have the same income but different longevity. Retirement is voluntary and the pension system is characterised by a payroll tax on earnings and a flat pension benefit. Individuals vote only on the tax level. We show that a pension system emerges when there is a majority of long‐lived individuals and that voluntary retirement enables to lower the size of the transfers received by the long‐lived. A rise in average longevity will also increase the size of the pension system." @default.
• W2061353304 created "2016-06-24" @default.
• W2061353304 creator A5004705558 @default.
• W2061353304 date "2010-01-20" @default.
• W2061353304 modified "2023-10-16" @default.
• W2061353304 title "The Political Economy of Social Security under Differential Longevity and Voluntary Retirement" @default.
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• W2061353304 doi "https://doi.org/10.1111/j.1467-9779.2009.01451.x" @default.
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