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the normal retirement age from sixty-six to seventy-three, or 4) means-test the benefits and reduce them one-to-one with …
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Remarks at the National Association for Business Economics Annual Meeting, New York City.
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We study the effects of an annuity market imperfection on individual agents' life-cycle decisions and on the macroeconomic growth rate in an overlapping generations model with single-sector endogenous growth. Our model features both age-dependent mortality and labour productivity. We model...
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and pension sizes at the political equilibrium, by first assuming a constant retirement age. Other theoretical works are … discussed that are mainly concerned with endogenizing the retirement age choices and exploring the opportunity to transition to …
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