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Aging and pensions in general equilibrium: Labor market imperfections matter

de la Croix, David; Pierrard, Olivier; Sneessens, Henri R. - In: Journal of Economic Dynamics and Control 37 (2013) 1, pp. 104-124

We re-examine the effects of population aging and pension reforms in an OLG model with labor market frictions. The most important feature brought about by labor market frictions is the connection between the interest rate and the unemployment rate. Exogenous shocks (such as aging) leading to...

Persistent link: https://www.econbiz.de/10010594908

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Aging and Pensions in General Equilibrium : Labor Market Imperfections Matter

De la Croix, David - 2010

This paper re-examines the effects of population aging and pension reforms in an OLG model with labor market frictions. The most important feature brought about by labor market frictions is the connection between the interest rate and the unemployment rate. Exogenous shocks (such as aging)...

Persistent link: https://www.econbiz.de/10013136497