Dedry, Antoine; Onder, Harun; Pestieau, Pierre - 2015
shows that the type of aging, i.e. declining fertility or increasing longevity, and the type of unfunded social security …This paper analyzes the impact of aging on capital accumulation and welfare in a country with a sizable unfunded social … security system. Using a two-period overlapping generation model with potentially endogenous retirement decisions, the paper …