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reforms aimed at lengthening the working life and protecting fertility. …
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and Diamond. Taking into account families’ fertility decisions, it examines not only the demographic changes due to longer …Introduction and Overview -- Part I. Life Expectancy -- Longevity and Fertility -- Life Expectancy, Money and Growth … -- Life Expectancy, the Labor Supply of the Elderly and Fertility -- Part II. Issues in Social Security -- Fertility, Child …
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I examine if the positive correlation between wealth and survivorship has any implications for the progressivity of Social Security's current benefit-earnings rule. Using a general-equilibrium macroeconomic model calibrated to the U.S. economy, I show that the optimal benefit-earnings link for...
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The strong and increasing positive correlation between lifetime income and life expectancy (the longevity gap) has recently been widely studied. In this paper we employ the simplest, minimal model to demonstrate the impact of this long-neglected fact on the various types of public pension...
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