DEDRY, Antoine; ONDER, Arun; PESTIEAU, Pierre - Center for Operations Research and Econometrics (CORE), … - 2014
type of aging and the type of unfunded social security system are important in understanding this impact. We consider two …This paper analyzes the impact of aging on capital accumulation and welfare in a country with a sizable unfunded social … security system. Using a two-period overlapping-generation model with endogenous retirement decisions, we show that both the …