We develop an OLG model with realistic assumptions about longevity to analyze the welfare
effects of raising the retirement age. We look at a scenario where an economy has a pay-as …

This paper examines the implications for real interest rates of developments in global saving
and investment. Looking back, for most of the 1980s saving and investment were relatively …

Though there is a huge literature on the demand for life insurance, it heavily focuses on
demographic and economic factors. This study fills the gap in the current literature by …

In the coming decades, the share of people of working age will fall significantly in most
developed countries. According to optimal taxation theory, public debts should be reduced …

During the last fifty years there have in many countries been large movements in the growth
of labor productivity, real wage rates, the rate of interest, and the household savings ratio. In …

3. A tokésített rendszer 30 Az alapmodell 30–Biztosítás és életjáradék 33–Ingadozások 34–
Kezelési díjak 35–Chilei nyugdíjrendszer 38 4. A felosztó-kirovó rendszer 40 Alapmodell 40 …

En este trabajo se utiliza un modelo de equzlibrio general aplicado para ana-lizar los
efectos de un cambzo demográfico sobre la mabilzdad del sistema de pensiones español …

In this paper I use the cumulation‐of‐life‐cycle saving method to measure the contribution of
transfers to total wealth accumulation over the 1974 to 1984 period among worker …

This chapter examines the micro-and macroeconomic effects of generational policies using
closed and open general equilibrium dynamic life-cycle models. The models illustrate the …

Over the next 50 years, China will face an increase of its old-age population by
approximately three times. Such a demographic change may result in a large increase of …