This paper develops a two-period overlapping-generations model with environmental externalities and uncertain lifetimes, and studies how two sources of population aging, greater longevity and a lower rate of population growth, affect the politically determined environmental tax and the quality...

This paper analyzes a social security policy with public debt in an overlapping generations growth model. In particular, the paper considers a situation in which population aging causes a heavy burden of social security payments where public debt is issued by the government to finance the...

Eckart Bomsdorf, Universität zu Köln, und Jörg Winkelhausen untersuchen die Bevölkerungsentwicklung in Deutschland bis zum Jahr 2060 und bauen auf den Daten der Bevölkerung zum 31. Dezember 2011 auf. Ihre Ergebnisse weisen dar­auf hin, dass – selbst bei einem langfristig deutlichen...

Aging is an unstoppable process and it remains a major challenge for the sustainability of the PAYG pension system in most developed countries, including in Spain. Many countries need to introduce reforms of their pension systems in order to control their expenditure, and in some cases this has...

The present paper constructs possible baseline economies with an aging population to analyze Social Security reform plans, using an overlapping generations (OLG) model with heterogeneous households. In this model, households receive idiosyncratic working ability shocks and mortality shocks....

The professional life of the individual in society should become a major goal of the employment policies and strategies, a goal considered science and art. Starting from the Europe`s demographic paradox, it is concluded the need to use at full capacity the human resources of the EU27, by...