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, endogenous human capital formation and increasing the retirement age. Our quantitative finding is that openness has a relatively … mild effect. In contrast, endogenous human capital formation in combination with an increase in the retirement age has …
Persistent link: https://www.econbiz.de/10013100505
, endogenous human capital formation and increasing the retirement age. Our quantitative finding is that openness has a relatively … mild effect. In contrast, endogenous human capital formation in combination with an increase in the retirement age has …
Persistent link: https://www.econbiz.de/10013100571
accumulated for retirement. This paper addresses three important adjustments channels to dampen these detrimental effects of … ageing: investing abroad, endogenous human capital formation and increasing the retirement age. Although non of these … retirement age has strong effects. Under these adjustments maximum welfare losses of demographic change for households alive in …
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, endogenous human capital formation and increasing the retirement age. Our quantitative finding is that endogenous human capital … formation in combination with an increase in the retirement age has strong implications for economic aggregates and welfare, in …
Persistent link: https://www.econbiz.de/10010467965
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Pensions may be provided for in a modern society by several methods, viz., voluntary individual savings, mandatory fully funded occupational pension systems, and mandatory social security financed by pay-as-you-go. The specific mixture of the three systems we will call the pension composition....
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