[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/Unit :
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
