Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/26019 
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dc.contributor.authorHeijdra, Ben J.en
dc.contributor.authorRomp, Ward E.en
dc.date.accessioned2007-07-24-
dc.date.accessioned2009-07-28T08:14:56Z-
dc.date.available2009-07-28T08:14:56Z-
dc.date.issued2007-
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
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x1974en
dc.subject.jelE10en
dc.subject.jelJ26en
dc.subject.jelH55en
dc.subject.jelD91en
dc.subject.jelF41en
dc.subject.jelJ11en
dc.subject.ddc330en
dc.subject.stwAltersgrenzeen
dc.subject.stwArbeitsangeboten
dc.subject.stwOverlapping Generationsen
dc.subject.stwAlternde Bevölkerungen
dc.subject.stwMakroökonomischer Einflussen
dc.subject.stwKleines-offenes-Landen
dc.subject.stwTheorieen
dc.titleRetirement, pensions, and ageing-
dc.typeWorking Paperen
dc.identifier.ppn538172533en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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