The effects of the raising-the-official-pension-age policy in an overlapping generations economy

This paper studies how economic variables are affected by raising the official pension age. Although it is said that such a policy increases output, this paper shows that such a statement is not necessarily true. Moreover, the paper finds that the social security benefit can decrease, which implies that it might be impossible to sustain the same level of benefit only by such a policy.

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Year of publication:	2014
Authors:	Miyazaki, Koichi
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 123.2014, 3, p. 329-332
Publisher:	Elsevier
Subject:	Official pension age \| Output per efficiency unit of labor \| Aggregate output \| Per unit of time social security benefit

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Type of publication:	Article
Classification:	D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; H55 - Social Security and Public Pensions ; J26 - Retirement; Retirement Policies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010776619