2017年6月
Aging, Pensions, and Growth
FinanzArchiv
- 巻
- 73
- 号
- 2
- 開始ページ
- 163
- 終了ページ
- 189
- 記述言語
- 英語
- 掲載種別
- 研究論文(学術雑誌)
- DOI
- 10.1628/001522117X14877521353519
- 出版者・発行元
- MOHR SIEBECK
This study presents an endogenous-growth overlapping-generations model featuring probabilistic voting over public pensions. The analysis shows that (i) the pension-GDP ratio increases as life expectancy increases in the presence of an annuity market, while it may show a hump-shaped pattern in its absence; (ii) the growth rate is higher in the presence of an annuity market than in its absence, but its presence implies an intergenerational trade-off in terms of utility.
- リンク情報
- ID情報
-
- DOI : 10.1628/001522117X14877521353519
- ISSN : 0015-2218
- eISSN : 1614-0974
- Web of Science ID : WOS:000403545300002