Population aging and PAYG pensions in the OLG model

Giam Pietro Cipriani

Journal of Population Economics, 2014, vol. 27, issue 1, 256 pages

Abstract: This paper shows the effects on a pay-as-you-go pension system of the demographic change in the standard overlapping generations model. Firstly, we consider a setting with exogenous fertility and then a model with endogenous fertility. In both cases, population aging due to increased longevity implies a reduction in pensions payouts. Copyright Springer-Verlag Berlin Heidelberg 2014

Keywords: PAYG pensions; Fertility; Longevity; J13; H55 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (50)

Downloads: (external link)
http://hdl.handle.net/10.1007/s00148-013-0465-9 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Population Ageing and PAYG Pensions in the OLG Model (2013)
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:spr:jopoec:v:27:y:2014:i:1:p:251-256

Ordering information: This journal article can be ordered from
http://www.springer. ... tion/journal/148/PS2

DOI: 10.1007/s00148-013-0465-9

Access Statistics for this article

Journal of Population Economics is currently edited by K.F. Zimmermann

More articles in Journal of Population Economics from Springer, European Society for Population Economics Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().