benefit pay-as-you-go (DB PAYG) scheme with retirement and disability benefits. Our model enables us to obtain the system …

This paper studies retirement and child support policies in a small, open, overlapping-generations economy with PAYG … social security and endogenous retirement and fertility decisions. It demonstrates that neither fertility nor retirement … the retirement age. Finally, the model is simulated in order to study whether the policies devoted to realizing the social …

retirement age. We look at a scenario where an economy has a pay-as-you-go defined benefit scheme and compare it to a scenario …

retirement age to 65 for both genders has a strong positive effect on sustainability of the pension system and keeps the deficit …

Maintaining retirement systems stability is nowadays a big challenge for all countries. Such sustainability is widely … security. For the case of Algeria, public retirement works according to the pay-as-you-go principle and equilibrium is … grow faster than the population at working age. Consequently, it will be harder to keep equality between retirement incomes …