This paper reviews the latest developments in the political economy literature that are
concerned with the consequences of population aging, with a primary focus on the threat …

Social insurance for the elderly is judged responsible for the widely observed trend towards
early retirement. In a world of laissez‐faire or in a first‐best setting, there would be no such …

In this paper, we examine the consequences of delaying retirement in an overlapping
generations model with domestic production and parental transfers in the form of grandchild …

Existing political economy models of pensions focus on age and productivity. In this paper
we incorporate two additional individual characteristics: sex and marital status. We ignore …

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 …

I analyze a probabilistic voting model where two office-motivated candidates choose an
indirect taxation policy to maximize the probability of winning the election, in a society …

This paper examines some issues relating to the establishment of defined contribution
pension system. First, it shows that the defined benefit pension system could successfully …

Countries with higher implicit taxes on continued work are associated with lower labor force
participation rates of the elderly. This paper constructs a politico-economic model that …

Pension systems are often blamed for distorting the retirement age and they are held
responsible for the widely observed trend towards early retirement. In a world of laissez-faire …

The purpose of this work is to show under what conditions a marginally progressive income
tax emerges as the result of political competition between two parties when labor is …