Population Ageing and Pension Reform in a Small Open Economy with Non-Traded Goods

Arbeitspapier

In this paper we study the implications of population ageing in an economy with a sizeable non-traded goods sector. To this effect a highly stylized micro-founded macro model is constructed in which the age structure of the population plays a non-trivial role. The model distinguishes separate birth and death probabilities (thus allowing for net population change), allows for age-dependent labour productivity (thus mimicing life-cycle saving), and includes a rudimentary pension system (thus allowing for intergenerational redistribution). The model is used to analytically study demographic and pension shocks.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Tinbergen Institute Discussion Paper ; No. 05-021/2

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡ ; General Aggregative Models: Neoclassical ; Open Economy Macroeconomics ; Social Security and Public Pensions
• Thema: fertility rate ; overlapping generations ; pension reform ; demographic shocks ; non-traded goods ; Rentenreform ; Fertilität ; Schock ; Overlapping Generations ; Alternde Bevölkerung ; Altersstruktur der Bevölkerung

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Bettendorf, Leon ; Heijdra, Ben
• Ereignis: Veröffentlichung
• (wer): Tinbergen Institute
• (wo): Amsterdam and Rotterdam
• (wann): 2005

Weitere Informationen

• Handle: http://hdl.handle.net/10419/86582
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ