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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. …
Persistent link: https://www.econbiz.de/10010738987
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. …
Persistent link: https://www.econbiz.de/10010784116
of fertility and mortality changes in a common framework, we incorporate realistic demographic features into a continuous … countries (such as the USA), we find that a fertility increase and a mortality decline, while both causing a rise in the … population growth rate, have opposite effects on capital accumulation. We also consider simultaneous fertility and mortality …
Persistent link: https://www.econbiz.de/10011048816
We explore the optimal fertility age-pattern in a four-period OLG economy with physical capital accumulation. For that …'s Serendipity Theorem still holds. Finally, we study the dynamics and social optimum of an economy with interior fertility rates … during the reproduction period. It is shown that various fertility age-patterns are compatible with the social optimum, as …
Persistent link: https://www.econbiz.de/10010610502
egalitarian grounds - although the conclusion is reversed when mortality strikes only after retirement. … the retirement decision in an economy with risky lifetime, and compare the laissez-faire with egalitarian social optima … retirement age, unlike the ex ante egalitarian optimum. This result is robust to the introduction of unequal life expectancies …
Persistent link: https://www.econbiz.de/10010701202
Growth models with endogenous mortality assume generally that life expectancy is increasing with output per capita and … between consumption and mortality, implying that the monotonicity of that relation is local but not global. This paper …
Persistent link: https://www.econbiz.de/10011048869
This is an effort at explaining the reasons and rationale behind the rising mortality rate (CDR) in the South Indian …
Persistent link: https://www.econbiz.de/10011261013
program on mortality and on household behavior related to child labor and schooling, employment of adults, and fertility. We … find consistent effects of the program on reductions in mortality throughout the age distribution, but mainly at earlier …, implementation of the program is also robustly associated with increased labor supply of adults, reduced fertility, and increased …
Persistent link: https://www.econbiz.de/10005703743
Whereas existing OLG models with endogenous longevity neglect the impact of environmental quality on mortality, this …
Persistent link: https://www.econbiz.de/10005043380
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 …
Persistent link: https://www.econbiz.de/10010592981