Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/156330
Authors: 
Sanchez-Romero, Miguel
Fürnkranz-Prskawetz, Alexia
Year of Publication: 
2017
Series/Report no.: 
ECON WPS - Vienna University of Technology Working Papers in Economic Theory and Policy 03/2017
Abstract: 
We investigate the differential impact that pension systems have on the labor supply and the accumulation of physical and human capital for individuals that differ by their learning ability and levels of life expectancy. Our analysis is calibrated to the US economy using a general equilibrium model populated by overlapping generations, in which all population groups interact through the pension system, the labor market, and the capital market. Within our framework we analyze the redistributive and macroeconomic effects of a progressive versus a flat replacement rate of the pension system.
Subjects: 
Human capital
Longevity
Inequality
Life cycle
Social Security
JEL: 
E24
J10
J18
H55
Document Type: 
Working Paper

Files in This Item:
File
Size
534.25 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.