Add to ORKGThis paper explains why workers retire earlier, and earlier at the same time as society becomes more and more indebted through increasing pay-as-you- go pension liabilities. To do so, we extend the standard two-overlapping- generations growth model to allow for endogenous labor participation in the later period of life. We show that the rate of participation declines as the size of social security system increases. We also show that mandatory early retirement many be socially desirable in case of underaccumulation
This paper specifies and estimates a structural life cycle model of retirement and wealth and applie...
In this paper we survey a number of theoretical and empirical studies in order to propose explanatio...
We study the effects of demographic shocks and changes in the pension system on the Macroeconomic pe...
This paper explains why workers retire earlier, and earlier at the same time as society becomes more...
In order to stimulate labor market participation and improve the financial viability of the social ...
We analyze optimal social security in a two-period overlapping generations model with endogenous ret...
We analyze the e¤ects of changes in the mortality rate upon life expectancy, education, retirement a...
Abstract We build a general equilibrium model with endogenous saving, labor force participation, wor...
In many European countries, population aging had led to debate about a switch from conventional unfu...
In this paper we survey a number of theoretical and empirical studies in order to propose explanati...
We build a general equilibrium model with endogenous saving, labor force par-ticipation, work hours ...
In this paper,we analyse the effects of demographic change on a PAYG pension system, financed with a...
A large literature has studied the effects of PAYG systems on fertility, human capital and growth. ...
In many European countries, due to population aging, the switch from conventional unfunded public pe...
This paper analyses a model of overlapping generations in which agents who do not participate in the...
This paper specifies and estimates a structural life cycle model of retirement and wealth and applie...
In this paper we survey a number of theoretical and empirical studies in order to propose explanatio...
We study the effects of demographic shocks and changes in the pension system on the Macroeconomic pe...
This paper explains why workers retire earlier, and earlier at the same time as society becomes more...
In order to stimulate labor market participation and improve the financial viability of the social ...
We analyze optimal social security in a two-period overlapping generations model with endogenous ret...
We analyze the e¤ects of changes in the mortality rate upon life expectancy, education, retirement a...
Abstract We build a general equilibrium model with endogenous saving, labor force participation, wor...
In many European countries, population aging had led to debate about a switch from conventional unfu...
In this paper we survey a number of theoretical and empirical studies in order to propose explanati...
We build a general equilibrium model with endogenous saving, labor force par-ticipation, work hours ...
In this paper,we analyse the effects of demographic change on a PAYG pension system, financed with a...
A large literature has studied the effects of PAYG systems on fertility, human capital and growth. ...
In many European countries, due to population aging, the switch from conventional unfunded public pe...
This paper analyses a model of overlapping generations in which agents who do not participate in the...
This paper specifies and estimates a structural life cycle model of retirement and wealth and applie...
In this paper we survey a number of theoretical and empirical studies in order to propose explanatio...
We study the effects of demographic shocks and changes in the pension system on the Macroeconomic pe...