Population Ageing and PAYG Pensions in the OLG Model

No 7144, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: 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 ageing due to increased longevity implies a reduction in pensions payouts.

Keywords: longevity; PAYG pensions; fertility (search for similar items in EconPapers)
JEL-codes: H55 J13 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2013-01
New Economics Papers: this item is included in nep-age, nep-dem and nep-dge
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Published - published in: Journal of Population Economics, 2014, 27 (1), 251-256

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Journal Article: Population aging and PAYG pensions in the OLG model (2014)
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