Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/154730
Authors: 
Tyrowicz, Joanna
Makarski, Krzysztof
Bielecki, Marcin
Year of Publication: 
2016
Citation: 
[Journal:] IZA Journal of Labor Policy [ISSN:] 2193-9004 [Volume:] 5 [Year:] 2016 [Issue:] 8 [Pages:] 1-36
Abstract: 
We analyze the effects of increasing the retirement age in two economies with overlapping generations and within cohort ex ante heterogeneity. The first economy has a defined benefit system, and the second economy is in transition from a defined benefit to a defined contribution. We find that if increase in the retirement age is phased in a way that allows agents to adjust, welfare is not reduced and welfare effects have a similar magnitude and between-cohort distribution in both types of the pension systems.
Subjects: 
Retirement age
DB
DC
Pension system reform
Longevity
JEL: 
C60
C68
D63
E17
E21
H55
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/4.0/
Document Type: 
Article
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