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We analyze the effects of increasing the retirement age in two economies with overlapping generations and within cohort ex ante heterogeneity. The first economy has a defined benefit system, and the second economy is in transition from a defined benefit to a defined contribution. We find that if...
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generations model, using stochastic mortality projections as inputs. In a traditional pension scheme with no automatic longevity …
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generations model, using stochastic mortality projections as inputs. In a traditional pension scheme with no automatic longevity …
Persistent link: https://www.econbiz.de/10013001164
assumptions (constant or according to Lee-Carter mortality improvements) to calculate the maximum mortality decrease a scheme can …
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, there should be a cap on the pension contribution base to leave sufficient room for the efficient private savings of prudent …
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