Pension Reforms in an Aging Society: A Fully Displayed Cohort Model

We fully display a cohort model of an economy with an aging population, taking into account varying family size, habit formation, inheritance and credit constraints. Filling the model with numbers, we are able to compare different pension reforms: 1. the base run, 2. the reduced accrual rates, 3. replacing wage indexation with price indexation and 4. raised retirement age. Whether the policy changes are anticipated or not, the private reactions widely differ.

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Year of publication:	2009
Authors:	Simonovits, András
Publisher:	Budapest : Hungarian Academy of Sciences, Institute of Economics
Subject:	Rentenreform \| Altersvorsorge \| Alternde Bevölkerung \| Theorie \| population aging \| pension models \| pension reforms

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Series:	IEHAS Discussion Papers ; MT-DP - 2009/17
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
ISBN:	978-963-9796-74-4
Other identifiers:	616648634 [GVK] hdl:10419/108165 [Handle] RePEc:has:discpr:0917 [RePEc]
Classification:	H1 - Structure and Scope of Government ; H5 - National Government Expenditures and Related Policies ; H6 - National Budget, Deficit, and Debt
Source:	EconStor

Persistent link: https://www.econbiz.de/10010494410