In Canada, immigration constitutes the primary response to population ageing. While extensive research has covered the impact of immigration on various aspects of the labour supply, the financial aspect has received less attention. In this study, we apply the National Transfer Account (NTA)...

Using overlapping generations (OLG) models calibrated on seven OECD countries -- the United States, Japan, France, Canada, Italy, the United Kingdom and Sweden -- the authors investigate the macroeconomic impact of possible pension reform strategies as populations age. Simulations include a...