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The effects of the raising-the-official-pension-age policy in an overlapping generations economy

Koichi Miyazaki

Economics Letters, 2014, vol. 123, issue 3, 329-332

Abstract: This paper studies how economic variables are affected by raising the official pension age. Although it is said that such a policy increases output, this paper shows that such a statement is not necessarily true. Moreover, the paper finds that the social security benefit can decrease, which implies that it might be impossible to sustain the same level of benefit only by such a policy.

Keywords: Official pension age; Output per efficiency unit of labor; Aggregate output; Per unit of time social security benefit (search for similar items in EconPapers)
JEL-codes: D91 H55 J26 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (16)

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DOI: 10.1016/j.econlet.2014.03.011

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