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Growing Old in an Older Brazil Implications of Population Ageing on Growth, Poverty, Public Finance, and Service Delivery Michele Gragnolati Ole Hagen Jorgensen Romero Rocha Anna Fruttero THE WORLD BANK Washington, D.C. Contents Foreword XV ...
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contribution scheme. In particular we examine the relationship between retirement, fertility and pensions in a three …-period overlapping generations model. We focus on both the case of mandatory retirement and the case where the retirement age is freely … chosen. In the case of mandatory retirement, increasing longevity has an unambiguously negative impact on fertility and …
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