is important in the presence of retirement and especially so as earlier retirement ages are observed in many western … countries. This paper presents an overlapping generations model including both an educational and a retirement decision, thereby … increase in life expectancy does not necessarily increase the expected length of economic life as also early retirement can …

We assess the long-run growth effects of rising longevity and increasing the retirement age when growth is driven by … the retirement age fosters economic growth. How economic growth changes in response to rising life expectancy depends on … the retirement response. Employing numerical analysis we find that the requirement for experiencing a growth stimulus from …

We assess the long-run growth effects of rising longevity and increasing the retirement age when growth is driven by … the retirement age fosters economic growth. How economic growth changes in response to rising life expectancy depends on … the retirement response. Employing numerical analysis we find that the requirement for experiencing a growth stimulus from …

We analyze the effects of increasing the retirement age in two economies with overlapping generations and within cohort … defined benefit to a defined contribution. We find that if increase in the retirement age is phased in a way that allows …

retirement, these trends will persist as population ageing continues. Countries ageing relatively slowly, like the US, will … trends, while raising the retirement age has limited effects …

This paper provides a theoretical foundation for a U-shaped evolution in the retirement age. By assuming no markets for … expectancy can explain the observed evolution in the retirement age. In addition, we show that annuity market imperfections may …