Evaluating the effects of population ageing on long-term growth and pension system sustainability in Bulgaria through an overlapping generations model

Kristina Karagyozova-Markova

Economic Thought journal, 2016, issue 1, 59-78

Abstract: The article provides an overview of the simulations with a general equilibrium overlapping generations model, which is based on the theoretical setups, developed by Gertler and Grafenhofer et al. The model (BG-OLG) is calibrated for Bulgaria and evaluates the long-term effects of ageing on economic growth and public finance sustainability under different scenarios for the retirement age. On the basis of the model-based simulations, policy recommendations aimed at minimizing the macro-fiscal costs of population ageing are drawn.

JEL-codes: D91 E62 H55 J14 J26 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econth:y:2016:i:1:p:59-78

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