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retirement. We develop an overlapping generation model in order to analyse the effects of ageing on the efficiency of retirement …
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This paper focuses on the empirically observed relationship between demographic change and inflation and explores the theoretical nature of the puzzling link between the two. It puts the existent disparate empirical findings in the literature into perspective by formalizing an...
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Differences in life expectancy between high and low socioeconomic groups are often large and have widened recently in many countries. Such longevity gaps affect the actuarial fairness and progressivity of public pension systems. However, behavioral responses to longevity and policy complicate...
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the financial sustainability of the system and one policy which has been proposed is to increase the retirement age. There … retirement age will have significantly different effects across China's regions. Inter-regional disparities are already very … the effects of various shocks to the retirement age, the initial effects of which are changes in the labour supplied by …
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