Retirement and Social Security : A Political Economy Perspective

Arawatari, Ryo

Retirement and Social Security : A Political Economy Perspective

Arawatari, Ryo

Discussion Papers In Economics And Business, 2010, 10-04-Rev.

アクセス数:192件（2025-04-29 02:04 集計）

固定URL: https://hdl.handle.net/11094/13523

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タイトル	Retirement and Social Security : A Political Economy Perspective
著者	NRID 1000020547335 1000020547335 著者名 Arawatari, Ryo
キーワード等	Political equilibrium
	Retirement
	Self-fulfilling expectations
	Social security
内容	* Revised: [10-04, 2010]
抄録	Countries with higher implicit taxes on continued work are associated with lowerlabor force participation rates of the elderly. This paper constructs a politicoeconomicmodel that accounts for this feature based on multiple, self-fulfilling expectationsof agents. In this model, agents are identical at birth and can becomeskilled (or remain unskilled) through educational investment. When agents holdexpectations of larger social security benefits, it provides a disincentive to engagein educational investment, thereby resulting in an unskilled majority. In turn, thisunskilled majority supports larger social security benefits, which induces the retirementof the elderly and thus results in a lower labor force participation rate. Theopposite applies when agents have expectations of smaller social security benefitsin their old age.
出版者	Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University
収録物名	Discussion Papers In Economics And Business
巻(号)	10-04-Rev.
刊行年月	2010-09
言語	英語
ハンドルURL	https://hdl.handle.net/11094/13523
NCID	AA1160366X
関連情報 (references)	URI http://www2.econ.osaka-u.ac.jp/library/global/dp/1004R.pdf
アクセス権	metadata only access
カテゴリ	ディスカッション／ワーキング・ペーパー DP/WP
カテゴリ	Discussion Papers In Economics And Business
最終更新日	2010-09

資源タイプ	テクニカルレポート
ローカル資源タイプ	ディスカッション／ワーキング・ペーパー
DCMI資源タイプ	text
DCTERMS.bibliographicCitation	Discussion Papers In Economics And Business. 2010, 10-04-Rev.
DC.title	Retirement and Social Security : A Political Economy Perspective
DC.creator	Arawatari, Ryo
DC.publisher	Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University
DC.language' scheme='DCTERMS.RFC1766	英語
DC.type' scheme='DCTERMS.DCMIType	text
DCTERMS.issued' scheme='DCTERMS.W3CDTF	2010-09
DC.relation' scheme='DCTERMS.URI	http://www2.econ.osaka-u.ac.jp/library/global/dp/1004R.pdf
DC.subject	Political equilibrium
	Retirement
	Self-fulfilling expectations
	Social security
DC.description	* Revised: [10-04, 2010]
DCTERMS.abstract	Countries with higher implicit taxes on continued work are associated with lowerlabor force participation rates of the elderly. This paper constructs a politicoeconomicmodel that accounts for this feature based on multiple, self-fulfilling expectationsof agents. In this model, agents are identical at birth and can becomeskilled (or remain unskilled) through educational investment. When agents holdexpectations of larger social security benefits, it provides a disincentive to engagein educational investment, thereby resulting in an unskilled majority. In turn, thisunskilled majority supports larger social security benefits, which induces the retirementof the elderly and thus results in a lower labor force participation rate. Theopposite applies when agents have expectations of smaller social security benefitsin their old age.
DC.format	13523
citation_title	Retirement and Social Security : A Political Economy Perspective
citation_author	Arawatari, Ryo
citation_publisher	Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University
citation_language	英語
citation_date	2010-09
citation_journal_title	Discussion Papers In Economics And Business
citation_volume	10-04-Rev.
citation_public_url	https://hdl.handle.net/11094/13523
citation_abstract_html_url	http://www2.econ.osaka-u.ac.jp/library/global/dp/1004R.pdf

Retirement and Social Security : A Political Economy Perspective

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