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appropriate remedy and little action. In this paper, I present a comprehensive OLG model tailored for simulation of pension … reforms and calibrated on real-world data that accounts not only for optimising agents but also for productivity shocks and …
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This paper analyzes the effects of an unfunded pension system on economic growth using an extended overlapping generations model to include the informal sector. Emerging countries usually have a more significant informal sector than advanced ones. The findings based on the Thai economy data...
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on the savings rate, capital accumulation, productivity and the labour supply. These effects must be taken into account …
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variables. -- age specific productivity ; demographic change ; model simulation …We integrate age specific productivity differentials into a long-run neoclassical growth model for the Austrian economy … with a highly disaggregated labor supply structure. We assume two life time productivity profiles reflecting either small …
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