Pension policies in a model with endogenous fertility
| Autor: | Francesco Pascucci, Giam Pietro Cipriani |
|---|---|
| Rok vydání: | 2018 |
| Předmět: |
Organizational Behavior and Human Resource Management
Economics and Econometrics Labour economics Population ageing OLG pensions endogenous fertility ageing General equilibrium theory OLG Strategy and Management media_common.quotation_subject Total fertility rate Fertility Overlapping generations model Industrial and Manufacturing Engineering 0502 economics and business Economics 050207 economics 050205 econometrics media_common Pension Mechanical Engineering 05 social sciences Metals and Alloys pensions endogenous fertility ageing Life expectancy Finance Retirement age |
| Zdroj: | Journal of Pension Economics and Finance. 19:109-125 |
| ISSN: | 1475-3022 1474-7472 |
| DOI: | 10.1017/s1474747218000148 |
| Popis: | We set up an overlapping-generations model with endogenous fertility to study pensions policies in an ageing economy. We show that an increasing life expectancy may not be detrimental for the economy or the pension system itself. On the other hand, conventional policy measures, such as increasing the retirement age or changing the social security contribution rate could have undesired general equilibrium effects. In particular, both policies decrease capital per worker and might have negative effects on the fertility rate, thus exacerbating population ageing. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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