In this paper we build a socio-economic simulation model, called Carrion, to project the public expenditure on the retirement pensions, the social security contributions and the GDP through 2060. The model makes use of detailed hypothesis backed with econometric estimations on the behavior of...

The article presents the results obtained from a model of demographic and economic simulation which has calculated the expenses made on retirement pensions and income from Social Security contributions in relation to the estimated evolution of GDP until the year 2060. The model is based on...

Using a model with endogenous growth and overlapping generations as its base, this paper analyzes the relationship between the ageing of the population and the rate of economic growth in an open economy. The results suggest that population ageing can decrease the economic growth rate in the long...