Lacomba, Juan A.; Lagos, Francisco - In: SERIEs - Journal of the Spanish Economic Association 1 (2010) 3, pp. 357-369
This paper analyzes the reform of the pensionable age as an answer to the future financing problems of public pension systems. We use a two-staged model where, first, the government decides the redistribution level of the pension system and, secondly, individuals face a voting process on the...
