Heer, Burkhard; Irmen, Andreas - 2008 - This Version: November 16, 2008
this effect is influenced by institutional characteristics of the pension scheme. When labor is scarcer it becomes more … per-capita magnitudes is positive and quantitatively significant. Second, we find that the pension system matters both for … the growth performance and for individual welfare. Third, we show that the assessment of pension reform proposals may be …
