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Fertility, Official Pension Age, and PAYG Pensions

Hung-Ju Chen

MPRA Paper from University Library of Munich, Germany

Abstract: This paper examines the effect of fertility and official pension age on long-run pay-as-you-go (PAYG) pensions based on an overlapping generations model. We find that increasing the fertility rate or official pension age does not necessarily raise pensions. When the output elasticity of capital is low, an increase in the fertility rate or official pension age may raise pensions, but such a change reduces pensions if the output elasticity of capital and the tax rate are high.

Keywords: Fertility; Official pension age; OLG, PAYG pensions. (search for similar items in EconPapers)
JEL-codes: H55 J13 J26 (search for similar items in EconPapers)
Date: 2015-09-03
New Economics Papers: this item is included in nep-age, nep-dge and nep-gro
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:66429

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