scheme. We show that when retirement decisions are endogenous, aging increases the retirement age and the steady state level …In this paper we consider the effects of population aging on a pay-as-you-go financed defined contributions pension … of capital. The effect on pension payouts is in general ambiguous, except for the solution of full retirement, when this …

contribution scheme. In particular we examine the relationship between retirement, fertility and pensions in a three …-period overlapping generations model. We focus on both the case of mandatory retirement and the case where the retirement age is freely … chosen. In the case of mandatory retirement, increasing longevity has an unambiguously negative impact on fertility and …

This paper studies retirement and child support policies in a small, open, overlapping-generations economy with PAYG … social security and endogenous retirement and fertility decisions. It demonstrates that neither fertility nor retirement … the retirement age. Finally, the model is simulated in order to study whether the policies devoted to realizing the social …

hundred age brackets and we investigate how changes in the birth rates, survival rates, and the retirement age affect the …

hundred age brackets and we investigate how changes in the birth rates, survival rates, and the retirement age affect the …