This paper shows the effects on a pay-as-you-go pension system of the demographic change in the standard overlapping generations model. Firstly, we consider a setting with exogenous fertility and then a model with endogenous fertility. In both cases, population ageing due to increased longevity implies a reduction in pensions payouts.
Titolo: | Population Ageing and PAYG Pensions in the OLG Model |
Autori: | |
Data di pubblicazione: | 2013 |
Abstract: | This paper shows the effects on a pay-as-you-go pension system of the demographic change in the standard overlapping generations model. Firstly, we consider a setting with exogenous fertility and then a model with endogenous fertility. In both cases, population ageing due to increased longevity implies a reduction in pensions payouts. |
Handle: | http://hdl.handle.net/11562/508966 |
Appare nelle tipologie: | 07.14 Rapporti di ricerca |
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