and retirement, taking macroeconomic repercussions through endogenous factor prices and the pension system into account …

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 mandatory retirement and the case where the retirement age is freely … chosen. In the case of mandatory retirement, increasing longevity has an unambiguously negative impact on fertility and …

Most industrialized countries today are facing historical demographic changes, paring increasing retirement with a … this effect by exploiting variation in the pre-determined component of retirement. We find that a 10-point increase in the …