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

Leon Bettendorf () and Ben Heijdra ()
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Leon Bettendorf: Department of Economics, Erasmus Universiteit Rotterdam

No 05-021/2, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: 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.

Keywords: fertility rate; overlapping generations; pension reform; demographic shocks; non-traded goods (search for similar items in EconPapers)
JEL-codes: D91 E13 F41 H55 (search for similar items in EconPapers)
Date: 2005-02-17
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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Related works:
Journal Article: Population ageing and pension reform in a small open economy with non-traded goods (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:tin:wpaper:20050021

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