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dc.contributor.authorHeijdra, Ben J.en_US
dc.contributor.authorRomp, Ward E.en_US
dc.date.accessioned2007-07-24en_US
dc.date.accessioned2009-07-28T08:14:56Z-
dc.date.available2009-07-28T08:14:56Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/26019-
dc.description.abstractWe study the effects of demographic shocks and changes in the pension system on the macroeconomic performance of an advanced small open economy. An overlapping-generations model is constructed which includes a realistic description of the mortality process. Individual agents choose their optimal retirement age, taking into account the time- and age profiles of wages, taxes, and the public pension system. The early retirement provision in most pension systems acts as a trap, inducing most workers to retire well before the normal retirement age. Simulations show that pension reform must be drastic for it to have any effects on the retirement behaviour of workers.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper 1974en_US
dc.subject.jelE10en_US
dc.subject.jelJ26en_US
dc.subject.jelH55en_US
dc.subject.jelD91en_US
dc.subject.jelF41en_US
dc.subject.jelJ11en_US
dc.subject.ddc330en_US
dc.subject.stwAltersgrenzeen_US
dc.subject.stwArbeitsangeboten_US
dc.subject.stwOverlapping Generationsen_US
dc.subject.stwAlternde Bevölkerungen_US
dc.subject.stwMakroökonomischer Einflussen_US
dc.subject.stwKleines-offenes-Landen_US
dc.subject.stwTheorieen_US
dc.titleRetirement, pensions, and ageingen_US
dc.typeWorking Paperen_US
dc.identifier.ppn538172533en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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