Population Ageing and PAYG Pensions in the OLG Model
AbstractThis paper shows the effects on a pay-as-you-go pension system of the demographic change in the standard overlapping generations model. Firstly, we consider a setting with exogenous fertility and then a model with endogenous fertility. In both cases, population ageing due to increased longevity implies a reduction in pensions payouts.
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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 7144.
Length: 10 pages
Date of creation: Jan 2013
Date of revision:
Publication status: forthcoming in: Journal of Population Economics
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Find related papers by JEL classification:
- J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
This paper has been announced in the following NEP Reports:
- NEP-AGE-2013-02-03 (Economics of Ageing)
- NEP-ALL-2013-02-03 (All new papers)
- NEP-DEM-2013-02-03 (Demographic Economics)
- NEP-DGE-2013-02-03 (Dynamic General Equilibrium)
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