Fehr, Hans; Jokisch, Sabine; Kotlikoff, Laurence J. - 2021
elderly in the U.S., the EU, and Japan will more than double. At the same time, the number of workers available to pay the … life-cycle model. The model has three regions the U.S. Japan which exchange goods and capital. The model features … immigration, age-specific fertility, life span extension, life span uncertainty, bequests arising from incomplete annuitization …
