retirement age is a popular option. To induce workers to retire later, it has been proposed to strengthen the link between … retirement age and benefit level. The present paper is devoted to analyzing the long-run financial implications of such a reform …. We show that with actuarial adjustments the long-run contribution rate is an increasing function of the retirement age …

We analyze the effects of increasing the retirement age in two economies with overlapping generations and within cohort … defined benefit to a defined contribution. We find that if increase in the retirement age is phased in a way that allows …

hundred age brackets and we investigate how changes in the birth rates, survival rates, and the retirement age affect the …