Population ageing and PAYG pensions in the OLG model

Giam Pietro Cipriani

This 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. -- PAYG pensions ; fertility ; longevity

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Year of publication:	2013
Authors:	Cipriani, Giam Pietro
Publisher:	Bonn : IZA
Subject:	Gesetzliche Rentenversicherung \| Public pension system \| Umlageverfahren \| Pay-as-you-go \| Alternde Bevölkerung \| Aging population \| Overlapping Generations \| Overlapping generations \| Theorie \| Theory

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Extent:	Online-Ressource
Series:	Discussion paper series / IZA. - Bonn : IZA, ZDB-ID 2120053-1. - Vol. 7144
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzung: Acrobat Reader
Other identifiers:	hdl:10419/69367 [Handle]
Classification:	J13 - Fertility; Family Planning; Child Care; Children; Youth ; H55 - Social Security and Public Pensions
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10009695984