Template-Type: ReDIF-Paper 1.0
Series: Tinbergen Institute Discussion Papers
Creation-Date: 2005-02-17
Number: 05-021/2
Author-Name: Leon Bettendorf
Author-Email: bettendorf@few.eur.nl
Author-Workplace-Name: Department of Economics, Erasmus Universiteit Rotterdam
Author-Name: Ben Heijdra
Author-Email: b.j.heijdra@eco.rug.nl
Author-Workplace-Name: Department of Economics, University of Groningen
Title: Population Ageing and Pension Reform in a Small Open Economy with Non-Traded Goods
Abstract: In this paper we study the implications of population ageing in an economy with a sizeable non-traded goods sector. To this effect a highly stylized micro-founded macro model is constructed in which the age structure of the population plays a non-trivial role. The model distinguishes separate birth and death probabilities (thus allowing for net population change), allows for age-dependent labour productivity (thus mimicing life-cycle saving), and includes a rudimentary pension system (thus allowing for intergenerational redistribution). The model is used to analytically study demographic and pension shocks.
Classification-JEL: D91; E13; F41; H55
Keywords: fertility rate; overlapping generations; pension reform; demographic shocks; non-traded goods
File-Url: https://papers.tinbergen.nl/05021.pdf
File-Format: application/pdf
File-Size: 471452 bytes
Handle: RePEc:tin:wpaper:20050021