In the United States, recent cohorts of college-educated married women have experienced dramatic changes in their employment profiles and fertility decisions, as shown in Figure 1.1 …
Facing an ageing population and historical trends of low employment rates, pay-as-you-go (PAYG) pension systems, currently in place in several European countries, imply very large …
A main reason of the future pensions unsustainability in many European countries is a failure to adapt to very long-run demographics trends. Thus, reform to address financing …
We use an overlapping generations model economy with endogenous retirement to study the 2022 and 2023 reforms of the Spanish public pension system. These reforms increase …