Advanced Search
MyIDEAS: Login to save this article or follow this journal

Longevity and PAYG pension systems sustainability

Contents:

Author Info

  • Luca Gori

    ()
    (University of Pisa)

  • Luciano Fanti

    ()
    (University of Pisa)

Abstract

In this paper we study the effects of an increasing longevity on the balanced pay-as-you-go pension budget in the basic overlapping generations model of growth (Diamond, 1965). It is shown that, when the capital's share in production is sufficiently high, the higher longevity the higher pension benefits. The policy implication is that there would be room for an increase, rather than the often threatened reduction, in future pension payments, by keeping unaltered the contribution rate paid by the young to finance pensions to retired people as well as a balanced PAYG pension budget.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.accessecon.com/pubs/EB/2008/Volume10/EB-08J20002A.pdf
Download Restriction: no

Bibliographic Info

Article provided by AccessEcon in its journal Economics Bulletin.

Volume (Year): 10 (2008)
Issue (Month): 2 ()
Pages: 1-8

as in new window
Handle: RePEc:ebl:ecbull:eb-08j20002

Contact details of provider:

Related research

Keywords:

Find related papers by JEL classification:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Luciano Fanti, 2012. "Growth, PAYG pension systems crisis and mandatory age of retirement," Discussion Papers, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy 2012/153, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
  2. Giam Cipriani, 2014. "Population aging and PAYG pensions in the OLG model," Journal of Population Economics, Springer, Springer, vol. 27(1), pages 251-256, January.
  3. Luciano Fanti, 2012. "PAYG pensions and fertility drop: some (pleasant) arithmetic," Discussion Papers, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy 2012/146, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
  4. Luciano Fanti, 2012. "Consequences of a boost of mandatory retirement age on long run income and PAYG pensions," Discussion Papers, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy 2012/149, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
  5. Fanti, Luciano & Gori, Luca, 2010. "PAYG pensions and economic cycles," MPRA Paper 19984, University Library of Munich, Germany.
  6. Cai Cai Du & Joan Muysken & Olaf Sleijpen, 2011. "Economy wide risk diversification in a three-pillar pension system," DNB Working Papers, Netherlands Central Bank, Research Department 286, Netherlands Central Bank, Research Department.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:ebl:ecbull:eb-08j20002. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (John P. Conley).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.