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...

We analyze the relationship between wage distribution, degree of redistribution of the Social Security and effective retirement age. We develop a two-staged political economy model. In the first stage government chooses the redistribution level of the Social Security Program, according to three...