Four options to make the social security sustainable under the coming demographic shift are
presented; increase payroll taxes by 6 percentage points, reduce replacement rates by one …

Projected demographic changes in industrialized and developing countries vary in extent
and timing but will reduce the share of the population in working age everywhere …

内容提要: 基于劳动参与模型和劳动供给模型, 本文利用农村住户抽样调查数据探讨养老保障
制度对劳动行为决策的影响. 研究表明, 养老保障制度存在明显的劳动供给效应 …

This paper quantifies the fiscal cost of demographic transition that Japan is projected to
experience over the next several decades, in a life-cycle model with endogenous saving …

With looming fiscal pressure from an aging population, policy makers must grapple with the
question of how to restore solvency to the Social Security budget. At this crossroads, it …

The present paper quantitatively characterizes the consequences of rising pension
progressivity in an overlapping generations model with idiosyncratic income, disability and …

The paper analyzes the recent pension reform in Germany which increases the normal
retirement age by two years. The applied simulation model features a realistic demographic …

We quantify what drives the rise in medical expenditures over the life-cycle using a
stochastic dynamic overlapping generations model of health investment. Three motives for …

This paper presents an analysis of the differential role of mortality for the optimal schooling
and retirement age when the accumulation of human capital follows the so-called “Ben …

A means-tested pension system has a distinct feature that tailors the level of pension
benefits according to individual economic status. In the context of population aging with …