Extending the retirement age for preserving the costitutive pension system mission

Mauro Visaggio ()
Additional contact information
Mauro Visaggio: Dipartimento di Economia, Università di Perugia

No 40, Public Finance Research Papers from Istituto di Economia e Finanza, DSGE, Sapienza University of Rome

Abstract: This paper examines some issues relating to the establishment of defined contribution pension system. First, it shows that the defined benefit pension system could successfully counteract the financial un-sustainability of the pension system, such as defined contribution pension system. Second, it notes that defined contribution pension system re-quires the pension amount to be endogenous and, as a consequence, the abandonment of the constitutive aim of the pension system e.g., consumption smoothing. Third, it argues that the extending of the retirement age may counteract the aging of the population and achieve financial sustainability, along with the individual well-being.

Pages: 34 pages
Date: 2019-11
New Economics Papers: this item is included in nep-age
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.dsge.uniroma1.it/sites/default/files/p ... conomia/e-pfrp40.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gfe:pfrp00:00040

Access Statistics for this paper

More papers in Public Finance Research Papers from Istituto di Economia e Finanza, DSGE, Sapienza University of Rome Contact information at EDIRC.
Bibliographic data for series maintained by Valeria De Bonis ().