annuity market with actuarially fair return, imposing the optimum fertility rate and the optimum survival rate leads the … adults work some fraction of the old-age, whatever the retirement age is fixed or chosen by the agents. …

annuity market with actuarially fair return, imposing the optimum fertility rate and the optimum survival rate leads the … adults work some fraction of the old-age, whatever the retirement age is fixed or chosen by the agents. …

annuity market with actuarially fair return, imposing the optimum fertility rate and the optimum survival rate leads the … adults work some fraction of the old-age, whatever the retirement age is fixed or chosen by the agents. …

of fertility and mortality changes in a common framework, we incorporate realistic demographic features into a continuous … countries (such as the USA), we find that a fertility increase and a mortality decline, while both causing a rise in the … population growth rate, have opposite effects on capital accumulation. We also consider simultaneous fertility and mortality …

We assess the long-run growth effects of rising longevity and increasing the retirement age when growth is driven by … the retirement age fosters economic growth. How economic growth changes in response to rising life expectancy depends on … the retirement response. Employing numerical analysis we find that the requirement for experiencing a growth stimulus from …

We assess the long-run growth effects of rising longevity and increasing the retirement age when growth is driven by … the retirement age fosters economic growth. How economic growth changes in response to rising life expectancy depends on … the retirement response. Employing numerical analysis we find that the requirement for experiencing a growth stimulus from …

Phelpsís (1961) Golden Rule states an unambiguous relationship between optimal capital intensity and fertility: a rise … in fertility decreases the optimal capital intensity, because a higher fertility increases the investment required to … having distinct fertility behaviors. We derive the optimal accumulation rule in that framework, and we show that, unlike what …

factors such as fertility rates and longevity to prices. We show that lower fertility rates lead to smaller demand for credits …

We analyze the effects of increasing the retirement age in two economies with overlapping generations and within cohort … defined benefit to a defined contribution. We find that if increase in the retirement age is phased in a way that allows …

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 …