Population aging and PAYG pensions in the OLG model

被引:63
作者
Cipriani, Giam Pietro [1 ]
机构
[1] Univ Verona, Dept Econ, I-37129 Verona, Italy
关键词
PAYG pensions; Fertility; Longevity; HUMAN-CAPITAL ACCUMULATION; ENDOGENOUS FERTILITY; SOCIAL-SECURITY; PUBLIC PENSIONS; GROWTH; SYSTEM; FAMILY;
D O I
10.1007/s00148-013-0465-9
中图分类号
C921 [人口统计学];
学科分类号
摘要
This paper shows the effects on a pay-as-you-go pension system of the demographic change in the standard overlapping generations model. Firstly, we consider a setting with exogenous fertility and then a model with endogenous fertility. In both cases, population aging due to increased longevity implies a reduction in pensions payouts.
引用
收藏
页码:251 / 256
页数:6
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