Aging, social security design and capital accumulation

Antoine Dedry, Harun Onder and Pierre Pestieau

No 2014023, LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Abstract: This paper analyzes the impact of aging on capital accumulation and welfare in a country with a sizable unfunded social security system. Using a two-period overlapping-generation model with endogenous retirement decisions, we show that both the type of aging and the type of unfunded social security system are important in understanding this impact. We consider two demographic changes, declining fertility and increasing longevity, and three types of pensions, defined contributions, defined benefits and defined annuities, to investigate the differences in implications of aging.

Keywords: aging; public finance sustainability; social security (search for similar items in EconPapers)
JEL-codes: F42 H2 H8 (search for similar items in EconPapers)
Date: 2014-07-03
New Economics Papers: this item is included in nep-age and nep-dge
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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Related works:
Journal Article: Aging, social security design, and capital accumulation (2017)
Working Paper: Aging, social security design and capital accumulation (2017)
Working Paper: Aging, Social Security Design, and Capital Accumulation (2016)
Working Paper: Aging, Social Security Design, and Capital Accumulation (2015)
Working Paper: Aging, social security design, and capital accumulation (2015)
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