annuity market with actuarially fair return, imposing the optimum fertility rate and the optimum survival rate leads the … adults work some fraction of the old-age, whatever the retirement age is fixed or chosen by the agents. …

annuity market with actuarially fair return, imposing the optimum fertility rate and the optimum survival rate leads the … adults work some fraction of the old-age, whatever the retirement age is fixed or chosen by the agents. …

annuity market with actuarially fair return, imposing the optimum fertility rate and the optimum survival rate leads the … adults work some fraction of the old-age, whatever the retirement age is fixed or chosen by the agents. …

is important in the presence of retirement and especially so as earlier retirement ages are observed in many western … countries. This paper presents an overlapping generations model including both an educational and a retirement decision, thereby … increase in life expectancy does not necessarily increase the expected length of economic life as also early retirement can …

We assess the long-run growth effects of rising longevity and increasing the retirement age when growth is driven by … the retirement age fosters economic growth. How economic growth changes in response to rising life expectancy depends on … the retirement response. Employing numerical analysis we find that the requirement for experiencing a growth stimulus from …

We assess the long-run growth effects of rising longevity and increasing the retirement age when growth is driven by … the retirement age fosters economic growth. How economic growth changes in response to rising life expectancy depends on … the retirement response. Employing numerical analysis we find that the requirement for experiencing a growth stimulus from …

Phelpsís (1961) Golden Rule states an unambiguous relationship between optimal capital intensity and fertility: a rise … in fertility decreases the optimal capital intensity, because a higher fertility increases the investment required to … having distinct fertility behaviors. We derive the optimal accumulation rule in that framework, and we show that, unlike what …

factors such as fertility rates and longevity to prices. We show that lower fertility rates lead to smaller demand for credits …

We analyze the effects of increasing the retirement age in two economies with overlapping generations and within cohort … defined benefit to a defined contribution. We find that if increase in the retirement age is phased in a way that allows …

most cited drivers; decreasing fertility, decreasing mortality, and a slowdown of technological growth. We do this through … global real interest rate. The model predicts a 2.25 percentage point decrease from 1950 until today with falling mortality … generating most of the decline. We calibrate the second country on Danish data and show how differences in mortality can help …