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

for consumption and the hours of time supplied to the labour market, they also choose their schooling level and retirement …

retirement age to 65 for both genders has a strong positive effect on sustainability of the pension system and keeps the deficit …

interests of the different groups are only partly coinciding. For a given demography and interest rate, the joint result of the … in the capital market with a corresponding equilibrium interest rate. In this paper we assume a demography with one … hundred age brackets and we investigate how changes in the birth rates, survival rates, and the retirement age affect the …

interests of the different groups are only partly coinciding. For a given demography and interest rate, the joint result of the … in the capital market with a corresponding equilibrium interest rate. In this paper we assume a demography with one … hundred age brackets and we investigate how changes in the birth rates, survival rates, and the retirement age affect the …