Population Ageing and PAYG Pensions in the OLG Model

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 ageing due to increased longevity implies a reduction in pensions payouts.

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Year of publication:	2013-01
Authors:	Cipriani, Giam Pietro
Institutions:	Institute for the Study of Labor (IZA)
Subject:	longevity \| PAYG pensions \| fertility

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Extent:	application/pdf
Series:	IZA Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	published in: Journal of Population Economics, 2014, 27 (1), 251-256 Number 7144 10 pages
Classification:	J13 - Fertility; Family Planning; Child Care; Children; Youth ; H55 - Social Security and Public Pensions
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010660257