contribution scheme. In particular we examine the relationship between retirement, fertility and pensions in a three …-period overlapping generations model. We focus on both the case of mandatory retirement and the case where the retirement age is freely … chosen. In the case of mandatory retirement, increasing longevity has an unambiguously negative impact on fertility and …

This paper studies retirement and child support policies in a small, open, overlapping-generations economy with PAYG … social security and endogenous retirement and fertility decisions. It demonstrates that neither fertility nor retirement … the retirement age. Finally, the model is simulated in order to study whether the policies devoted to realizing the social …

Pensions may be provided for in a modern society by a mix of several methods, namely by voluntary individual savings … hundred age brackets and we investigate how changes in the birth rates, survival rates, and the retirement age affect the …

scheme that transfers individual consumption from the working years to the retirement phase of the lifecycle. It discusses … postpone retirement marginally toward the end of the working life. The chapter examines additional criteria (fairness …

Feldstein [1985] posed the questions of what would be the optimal level of retirement benefit, and what would be the …

Retirement policies are individually designed but the majority of people of retirement age live as couples. We estimate …'s unobserved heterogeneity. We conclude that the reform immediately reduced both spouses' retirement probability. The wife …'s retirement probability also drops by 1 to 4 percentage points if the husband is hit by the reform, and vice-versa. Instrumenting …

retirement age (ERA). Raising the ERA has the potential to extend contribution periods and to reduce the number of pension … retirement program for women born after 1951, effectively raising the ERA for women by three years. We analyze the effects of … this huge increase on employment, unemployment, disability pensions, and inactivity rates. Our results suggest that the …

scheme. We show that when retirement decisions are endogenous, aging increases the retirement age and the steady state level … of capital. The effect on pension payouts is in general ambiguous, except for the solution of full retirement, when this …