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We study the effects of an annuity market imperfection on individual agents' labour supply and retirement decisions and …
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dividend. Two policy responses to aging are emphasized: First, a structural policy response of linking mandatory retirement (or …
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dividend. Two policy responses to aging are emphasized: First, a structural policy response of linking mandatory retirement (or …
Persistent link: https://www.econbiz.de/10012976226
dividend. Two policy responses to aging are emphasized: First, a structural policy response of linking mandatory retirement (or …
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-capita growth. The OLG model captures direct effects, working through adjustments in the savings rate, labor supply, and capital … deepening, and indirect effects, working through changes of taxes, government spending components and the retirement age in …. The closed-form solutions of the model predict taxation and the retirement age in OECD economies to increase in response …
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