Work

Pension policies in a model with endogenous fertility

Year: 2018

Type: article

Abstract: We set up an overlapping-generations model with endogenous fertility to study pensions policies in an ageing economy. We show that an increasing life expectancy may not be detrimental for the economy or the pension system itself. On the other hand, conventional policy measures, such as increasing the retirement age or changing the social security contribution rate could have undesired general equilibrium effects. In particular, both policies decrease capital per worker and might have negative effects on the fertility rate, thus exacerbating population ageing.

Source: Journal of Pensions Economics and Finance

DOI: 10.1017/s1474747218000148

Authors: GIAM PIETRO CIPRIANI, FRANCESCO PASCUCCI

Institution: University of Verona

Language: English

Topic: Financial Literacy, Pension, Retirement Analysis

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: green

OpenAlex ID: W2806803152

FWCI: 5.148

Cites: 23

Cited by: 26

Related to: 10