The Impacts of Ageing Population on Savings and Pension Schemes in a World with Uncertain Life Expectancy

In the model world with overlapping generations and uncertain life expectancy indi-viduals can live for a maximum of two periods. Only one part of each generation sur-vives the working phase and lives to enjoy retirement. The other part dies after the first half of life. Within this framework it is possible to examine the influences of an ageing population on individual saving behaviour as well as social security systems.[...]

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Year of publication:	2004
Authors:	Nguyen, Tristan
Institutions:	Munich Business School
Subject:	Rente \| rent \| Lebenserwartung \| Life Expectancy \| Altersstruktur

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I. Introduction
II. Framework for the model
III. Optimum amount of savings without pension schemes
IV. Optimum per-capita savings in the presence of a pension scheme
V. Effects of changes in life expectancy
VI. Summary
References