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养老金亏空、延迟退休与改革阻力—— 基于投票理论视角
[Pension Shortfall, Later Retirement and Resistance to Reform —— Based on the Perspective of Voting Theory]

Author

Listed:
  • Zou, Tieding

Abstract

This article employed a voting model to describe the optimum strategy for later retirement. The results indicated that, later retirement just a emergency measure to pension shortfall. The preference to later retirement was related with the gap between actual age and legal retirement age. The pensioner who has retired would support, and the worker who’s age was near to legal retirement age would against, but the worker who’s age was far away to legal retirement age was uncertainty. Generally speaking, high skilled labor was more like to later retirement than low skilled labor. But actually, the preference to later retirement not only related with the burdens and benefits of pension reform, but also related with the feeling of burden, and the growth speed of wage , social position and job satisfaction. The resistance to reform was mainly comes from the pensioners who near to legal retirement age that still working and the low skilled labor wich far away from legal retirement age. Government should concentrate on giving a successfully persuasion to the opponents, and the input of human capital also should be raised.

Suggested Citation

  • Zou, Tieding, 2014. "养老金亏空、延迟退休与改革阻力—— 基于投票理论视角 [Pension Shortfall, Later Retirement and Resistance to Reform —— Based on the Perspective of Voting Theory]," MPRA Paper 65147, University Library of Munich, Germany, revised 16 Sep 2014.
    • Handle: RePEc:pra:mprapa:65147
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    References listed on IDEAS

    as
    1. Georges Casamatta & Helmuth Cremer & Pierre Pestieau, 2005. "Voting on Pensions with Endogenous Retirement Age," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 12(1), pages 7-28, January.
    2. Browning, Edgar K, 1975. "Why the Social Insurance Budget Is Too Large in a Democracy," Economic Inquiry, Western Economic Association International, vol. 13(3), pages 373-388, September.
    3. Juan Lacomba & Francisco Lagos, 2007. "Political election on legal retirement age," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 29(1), pages 1-17, July.
    4. Alvaro Forteza, 2001. "Electoral competition and the unfunding of public pension programs," Documentos de Trabajo (working papers) 0101, Department of Economics - dECON.
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    More about this item

    Keywords

    Pension; Pension Shortfall; Pension Reform; Later Retirement; Voting Theory;
    All these keywords.

    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus

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