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- W1988966630 abstract "We study the effects of pension reform on hours worked by three active generations, education of the young, the retirement decision of older workers, and aggregate growth in a four-period OLG model. The model explains important facts well for many OECD countries. Our simulation results prefer an intelligent pay-as-you-go system above a fully funded private system. Positive effects on employment and growth are the strongest when the pay-as-you-go system includes a tight link between individual labor income and the pension, and when it attaches a high weight to labor income earned as an older worker to compute the pension assessment base." @default.
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- W1988966630 date "2012-05-24" @default.
- W1988966630 modified "2023-10-14" @default.
- W1988966630 title "Pension reform, employment by age, and long-run growth" @default.
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- W1988966630 doi "https://doi.org/10.1007/s00148-012-0416-x" @default.
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