Macroeconomic and Welfare Effects of Parametric Pension Reform in Iran

Sonia Sabzalizad Honarvar, Hossein Raghfar and Mirhossein Mousavi
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Sonia Sabzalizad Honarvar: Alzahra University
Hossein Raghfar: Alzahra University
Mirhossein Mousavi: Alzahra University

Journal of Money and Economy, 2017, vol. 12, issue 4, 455-479

Abstract: The aim of this paper is to analyze the macroeconomic effects of parametric reforms. An adjusted Auerbach-Kotlikoff model is used to study the effects of decreasing replacement and contribution rates of the pension system. The first part concentrates on the macroeconomic effect of reforms. Our results indicate that reducing the

Keywords: : Stochastic OLG Model; Pension Reforms; Welfare (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (2)

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