Details

Autor(en) / Beteiligte

• Bettendorf, Leon J.H.
• Heijdra, Ben J.

Titel

Population ageing and pension reform in a small open economy with non-traded goods

Ist Teil von

• Journal of economic dynamics & control, 2006-12, Vol.30 (12), p.2389-2424

Ort / Verlag

Amsterdam: Elsevier B.V

Erscheinungsjahr

2006

Quelle

Alma/SFX Local Collection

Beschreibungen/Notizen

• 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.