work strongly in the direction of even shorter durations of retirement and longer durations of work. These new pressures … retirement years in large numbers, increasing the demand for older workers. On the supply side, there will be a large in increase … market scenarios. Delaying work-retirement transitions by even this amount would have large, positive economic and fiscal …

population aging is expected to pose additional fiscal costs not captured by such indicators. To better gauge the state of public … from the European Commission’s Aging Working Group’s long-run indicators and using a comprehensive public …

The paper explores the macroeconomic effects of three public pension reforms, namely an increase in retirement age, a … stronger capital accumulation due to higher world savings. An increase in the retirement age reform yields the strongest impact …

using a generational accounting framework. A simulation of retirement incentives suggests that the pension system will …

the fiscal consequences of aging will require increasing the retirement age to 65 years, followed by further increases to …This Selected Issues paper explores the economic consequences of aging and its impact on long-term fiscal … costs of aging. It goes beyond a simple quantification of the fiscal impact by explicitly examining the trade-offs of …