Resumen de Social security and political election in retirement age

Juan Antonio Lacomba, Francisco M. Lagos

• We focus on the consequences of a voting process on the retirement age when agents have different ages and wages. We have two groups: retired people and workers. Once the retirement age is determined through a voting process, we verify if that age will keep the same popular support in future elections. At the end, we do an exercise of comparative static in order to analyze how the retirement age is conditioned by the redistributive level of the Social Security System. In this way, we also study how elected retirement age is affected by the wage distribution.