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countries. France, Germany, and Italy have large pay-as-you-go pension systems and vulnerable labor markets. At the same time …
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focuses on three large Continental European countries: France, Germany, and Italy. These countries have large pay …
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This paper focuses on three large Continental European countries: France, Germany, and Italy. These countries have …
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We propose a unified framework to measure the effects of different reforms of the pension system on retirement ages and macroeconomic indicators in the face of demographic change. A rich overlapping generations (OLG) model is built and endogenous retirement decisions are explicitly modeled...
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