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and retirement, taking macroeconomic repercussions through endogenous factor prices and the pension system into account …
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entering the retirement age. The forecast is based on the assumptions referring to the demographic, social and economic …
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the normal retirement age from sixty-six to seventy-three, or 4) means-test the benefits and reduce them one-to-one with …
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Remarks at the National Association for Business Economics Annual Meeting, New York City.
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We study the effects of an annuity market imperfection on individual agents' life-cycle decisions and on the macroeconomic growth rate in an overlapping generations model with single-sector endogenous growth. Our model features both age-dependent mortality and labour productivity. We model...
Persistent link: https://www.econbiz.de/10010871052
demography. We use a forward-looking and dynamic approach that considers the entire population distribution. We find that this … and future policy choices. Other implications arising from China’s demography, including the growth model, the pension …
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