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providing pensions to the elderly. Such systems may aim to smooth consumption and thus provide reliable income to older people … treatment of men and women in retirement security even when lifetime earnings and projected average life expectancy may differ … greatly. The increasing share of the elderly in the population of all countries makes implementation of sustainable pension …
Persistent link: https://www.econbiz.de/10009754506
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How will the emergence of ChatGPT and other forms of artificial intelligence (AI) affect the skill premium? To address this question, we propose a nested constant elasticity of substitution production function that distinguishes among three types of capital: traditional physical capital...
Persistent link: https://www.econbiz.de/10014529725
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providing pensions to the elderly. Such systems may aim to smooth consumption and thus provide reliable income to older people … treatment of men and women in retirement security even when lifetime earnings and projected average life expectancy may differ … greatly. The increasing share of the elderly in the population of all countries makes implementation of sustainable pension …
Persistent link: https://www.econbiz.de/10010659262
providing pensions to the elderly. Such systems may aim to smooth consumption and thus provide reliable income to older people … treatment of men and women in retirement security even when lifetime earnings and projected average life expectancy may differ … greatly. The increasing share of the elderly in the population of all countries makes implementation of sustainable pension …
Persistent link: https://www.econbiz.de/10010331445
Persistent link: https://www.econbiz.de/10010419835
Persistent link: https://www.econbiz.de/10002469698
We develop a life-cycle model of optimal retirement and savings behavior under complete markets where retirement is … caused by worsening health in old age. Our model explains the long-run decline in the age of retirement as an income level … effect. We show that improvements in health and longevity tend to increase the desired retirement age, though less than …
Persistent link: https://www.econbiz.de/10012467768
We develop a simple life cycle optimizing model of retirement and savings. We show that, in theory, higher incomes lead … to earlier retirement and higher savings while longer life spans lead to later retirement and lower savings. We calibrate …
Persistent link: https://www.econbiz.de/10012905890