Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/108165
Authors: 
Simonovits, András
Year of Publication: 
2009
Series/Report no.: 
IEHAS Discussion Papers MT-DP - 2009/17
Abstract: 
We fully display a cohort model of an economy with an aging population, taking into account varying family size, habit formation, inheritance and credit constraints. Filling the model with numbers, we are able to compare different pension reforms: 1. the base run, 2. the reduced accrual rates, 3. replacing wage indexation with price indexation and 4. raised retirement age. Whether the policy changes are anticipated or not, the private reactions widely differ.
Subjects: 
population aging
pension models
pension reforms
JEL: 
H1
H5
H6
ISBN: 
978-963-9796-74-4
Document Type: 
Working Paper

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