A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Pension reform, employment by age, and long-run growth
Abstract We study the effects of pension reform on hours worked by three active generations, education of the young, the retirement decision of older workers, and aggregate growth in a four-period OLG model. The model explains important facts well for many OECD countries. Our simulation results prefer an intelligent pay-as-you-go system above a fully funded private system. Positive effects on employment and growth are the strongest when the pay-as-you-go system includes a tight link between individual labor income and the pension, and when it attaches a high weight to labor income earned as an older worker to compute the pension assessment base.
Pension reform, employment by age, and long-run growth
Abstract We study the effects of pension reform on hours worked by three active generations, education of the young, the retirement decision of older workers, and aggregate growth in a four-period OLG model. The model explains important facts well for many OECD countries. Our simulation results prefer an intelligent pay-as-you-go system above a fully funded private system. Positive effects on employment and growth are the strongest when the pay-as-you-go system includes a tight link between individual labor income and the pension, and when it attaches a high weight to labor income earned as an older worker to compute the pension assessment base.
Pension reform, employment by age, and long-run growth
Buyse, Tim (author) / Heylen, Freddy (author) / Van de Kerckhove, Renaat (author)
2012
Article (Journal)
English
Pension reform, employment by age, and long-run growth
| Online Contents | 2012
Pension reform and labor market incentives
| Online Contents | 2008
Public pension reform, demographics, and inequality
| Online Contents | 1995
Pension reform and labor market incentives
| Online Contents | 2008
The intergenerational education spillovers of pension reform in China
| Online Contents | 2018