Arbeitspapier
Aging, Retirement and Pay-As-You-Go Pensions
In this paper we consider the effects of population aging on a pay-as-you-go financed defined contributions pension scheme. We show that when retirement decisions are endogenous, aging increases the retirement age and the steady state level of capital. The effect on pension payouts is in general ambiguous, except for the solution of full retirement, when this effect is unambiguously negative.
- Language
-
Englisch
- Bibliographic citation
-
Series: IZA Discussion Papers ; No. 9969
- Classification
-
Wirtschaft
Fertility; Family Planning; Child Care; Children; Youth
Social Security and Public Pensions
- Subject
-
retirement
aging
PAYG pensions
overlapping generations model
- Event
-
Geistige Schöpfung
- (who)
-
Cipriani, Giam Pietro
- Event
-
Veröffentlichung
- (who)
-
Institute for the Study of Labor (IZA)
- (where)
-
Bonn
- (when)
-
2016
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Cipriani, Giam Pietro
- Institute for the Study of Labor (IZA)
Time of origin
- 2016
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