Hur, Sewon; İmrohoroğlu, Selahattin; Strackman, Braden - In: KDI-journal of economic policy 48 (2026) 1, pp. 5-31
In this paper, we use an overlapping-generations standard-incomplete markets model to quantitatively investigate the long-run implications of Korea's demographic changes and policy reforms. Importantly, our quantitative model endogenizes the retirement decision and matches the elasticity of...