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Population Ageing and PAYG Pensions in the OLG Model

Cipriani, Giam - 2013

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...

Persistent link: https://www.econbiz.de/10013087869

Pension Policies in a Model with Endogenous Fertility

Cipriani, Giam - 2018

We set up an overlapping generations model with endogenous fertility to study pensions policies in an ageing economy. We show that an increasing life expectancy may not be detrimental for the economy or the pension system itself. On the other hand, conventional policy measures, such as...

Persistent link: https://www.econbiz.de/10012919500

Endogenous Demographic Change, Retirement and Social Security

Cipriani, Giam - 2019

In this paper, we analyse the effects of demographic change on a PAYG pension system, financed with a defined 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...

Persistent link: https://www.econbiz.de/10012870250

Inequality in an OLG Economy with Heterogeneous Cohorts and Pension Systems

Tyrowicz, Joanna - 2018

We analyze the consumption and wealth inequality in an OLG model with mandatory pension systems. Our framework features within cohort heterogeneity of endowments and heterogeneity of preferences. We allow for population aging and gradual decline in TFP growth. We show four main results. First,...

Persistent link: https://www.econbiz.de/10012915325

Education and Growth with Learning by Doing

Marconi, Gabriele - 2015

We develop a general equilibrium overlapping generations model which is based on the view that education makes workers more productive by increasing their ability to learn from work experience, rather than providing skills that directly increase productivity. One important implication of the...

Persistent link: https://www.econbiz.de/10013021942

Job Creation in a Multi-Sector Labor Market Model for Developing Economies

Basu, Arnab K. - 2016

exacerbates unemployment. Our richer setting allows for generational differences in the motivations for job search to be reflected … in two distinct inverted U‐shaped relationships between unemployment and high‐wage employment, one for youth and a … different one for adults. In turn, the relationship between overall unemployment and high‐wage employment is shown to be non …

Persistent link: https://www.econbiz.de/10012989832

Aging, Retirement and Pay-as-You-Go Pensions

Cipriani, Giam - 2016

In this paper we consider the effects of population aging on a pay-as-you-go financed defined contributions pension 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...

Persistent link: https://www.econbiz.de/10012989833

Is Social Security Secure with NDC?

Boeri, Tito - 2010

The introduction of NDC public pension scheme in few European countries, such as Latvia, Sweden, Italy, and Poland, in the nineties was motivated, among other things, by the need (i) to ensure the long term financial sustainability of the public pension system by linking pension returns to...

Persistent link: https://www.econbiz.de/10013136949

Ndc : The Generic Old-Age Pension Scheme

Góra, Marek - 2019

This chapter defines a universal public pension scheme (UPPS) as a government-mandated lifecycle longevity insurance scheme that transfers individual consumption from the working years to the retirement phase of the lifecycle. It discusses the differences in four UPPS designs defined with regard...

Persistent link: https://www.econbiz.de/10012870259

Demography, Capital Flows and Unemployment

Marchiori, Luca - 2011

unemployment, which we calibrate on EU15 and US data. Labor market imperfections are found to significantly increase the volume of … to investigate how demographic asymmetries may have contributed to unemployment and welfare changes in the recent past …

Persistent link: https://www.econbiz.de/10013118521

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