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countries. France, Germany, and Italy have large pay-as-you-go pension systems and vulnerable labor markets. At the same time …
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This paper focuses on three large Continental European countries: France, Germany, and Italy. These countries have …
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focuses on three large Continental European countries: France, Germany, and Italy. These countries have large pay …
Persistent link: https://www.econbiz.de/10013147613
The paper shows the effect of demographic change on per capita burden of financing a PAYG social security system in the standard OLG model with frictional labor markets. Rising longevity and decreasing fertility both induce a rise in the employment level via increased capital accumulation and...
Persistent link: https://www.econbiz.de/10011300641
The paper shows the effect of demographic change on per capita burden of financing a PAYG social security system in the standard OLG model with frictional labor markets. Rising longevity and decreasing fertility both induce a rise in the employment level via increased capital accumulation and...
Persistent link: https://www.econbiz.de/10010471698
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