A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Population aging and PAYG pensions in the OLG model
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 aging due to increased longevity implies a reduction in pensions payouts.
Population aging and PAYG pensions in the OLG model
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 aging due to increased longevity implies a reduction in pensions payouts.
Population aging and PAYG pensions in the OLG model
Cipriani, Giam Pietro (author)
2013
Article (Journal)
English
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