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Pension reform in an OLG model with heterogeneous abilities
BUYSE, T.; HEYLEN, F.; KERCKHOVE, R. VAN DE - Faculteit Economie en Bedrijfskunde, Universiteit Gent - 2012
active generations, education of the young, the retirement decision of older workers, and aggregate growth, are all …
Persistent link: https://www.econbiz.de/10011083164
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Fiscal policy, employment by age, and growth in OECD economies
HEYLEN, F.; KERCKHOVE, R. VAN DE - Faculteit Economie en Bedrijfskunde, Universiteit Gent - 2009
We build and parameterize a general equilibrium OLG model for an open economy to study hours of work in three age groups, education of the young, and aggregate per capita growth. The composition of fiscal policy plays a crucial role. The government sets tax rates on labor, capital and...
Persistent link: https://www.econbiz.de/10008487285
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Pension reform in an OLG model with heterogeneous abilities
Buyse, Tim; Heylen, Freddy; Van de Kerckhove, Renaat - In: Journal of pension economics and finance 16 (2017) 2, pp. 144-172
Persistent link: https://www.econbiz.de/10011664653
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On the long-run growth effect of raising the retirement age
Kuhn, Michael; Prettner, Klaus - 2016
We show that the long-run economic growth effect of an increase in the retirement age is unambiguously positive in …-by-doing-spillovers, in which an increase in the retirement age reduces physical capital accumulation and thereby economic growth. Our results …
Persistent link: https://www.econbiz.de/10011567734
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Pensions and fertility: a simple proposal for reform
BUYSE, TIM - Faculteit Economie en Bedrijfskunde, Universiteit Gent - 2014
This paper evaluates the effects of a parametric adjustment to an earnings-related PAYG pension system. We show that a simple but ‘intelligent’ reform, in which the calculation of the pension base is changed, may result not only in more employment and growth, but also in an increase in...
Persistent link: https://www.econbiz.de/10011083178
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Leaving the empirical (battle)ground: Output and welfare effects of fiscal consolidation in general equilibrium
BUYSE, T.; HEYLEN, F. - Faculteit Economie en Bedrijfskunde, Universiteit Gent - 2012
We study the effects of fiscal consolidation within a dynamic general equilibrium model with overlapping generations. Our contribution to the theoretical consolidation literature is threefold. (i) Individual decisions of time allocation between work, leisure and education are fully endogenous in...
Persistent link: https://www.econbiz.de/10011083086
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Rising longevity, increasing the retirement age, and the consequences for knowledge-based long-run growth
Kuhn, Michael; Prettner, Klaus - 2020
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 …
Persistent link: https://www.econbiz.de/10012195541
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Rising longevity, increasing the retirement age, and the consequences for knowledge-based long-run growth
Kuhn, Michael; Prettner, Klaus - 2020
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 …
Persistent link: https://www.econbiz.de/10012156427
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Fiscal Sustainability and Public Debt in an Endogenous Growth Model
Moraga, Jesús Fernández-Huertas; Vidal, Jean-Pierre - 2021
This paper investigates fiscal sustainability in an overlapping generations economy with endogenous growth coming from human capital formation through educational spending. We assess how budgetary imbalances affect economic dynamics and the outlook for economic growth, thereby providing a...
Persistent link: https://www.econbiz.de/10013319069
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Political Institutions, Environmental Policy and Growth
Marsiliani, Laura; Renström, Thomas I - C.E.P.R. Discussion Papers - 2004
We analyse the impact of micro-founded political institutions on environmental policy and economic growth. We model an overlapping-generations economy, where individuals differ in preferences over the environment (as well as in age). Labour taxation and capital taxation is used to finance a...
Persistent link: https://www.econbiz.de/10005791516