AGING AND PUBLIC PENSIONS IN AN OVERLAPPING GENERATIONS MODEL

In this paper a social-welfare maximizing public-pension policy is modeled within the framework of the well-known two-overlapping-generations general-equilibrium model with rational expectations. The model is used to analyze the effects of aging on the evolution of public pension schemes. Analytical...

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Veröffentlicht in:	Oxford economic papers 1997-01, Vol.49 (1), p.29-42
Hauptverfasser:	MEIJDAM, LEX, VERBON, HARRIE A. A.
Format:	Artikel
Sprache:	eng
Schlagworte:	Ageing Aging Consumer economics Consumption Consumption possibilities Demographic aspects Demographic economics Economic aspects Economic models Economic theory Economics Equilibrium (Economics) Pensions Population aging Population growth Public pensions Rational expectations (Economics) Social policy Steady state economies Studies Tax rates
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