Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/69367
Authors: 
Cipriani, Giam Pietro
Year of Publication: 
2013
Series/Report no.: 
Discussion Paper Series, Forschungsinstitut zur Zukunft der Arbeit 7144
Abstract: 
This paper shows the effects on a pay-as-you-go pension system of the demographic change in the standard overlapping generations model. Firstly, we consider a setting with exogenous fertility and then a model with endogenous fertility. In both cases, population ageing due to increased longevity implies a reduction in pensions payouts.
Subjects: 
PAYG pensions
fertility
longevity
JEL: 
J13
H55
Document Type: 
Working Paper

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