Retirement Indexation in a Stochastic Model with Overlapping Generations and Endogenous Labour Supply

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Retirement Indexation in a Stochastic Model with Overlapping Generations and Endogenous Labour Supply

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dc.contributor.author Hagen Jørgensen, Ole en_US
dc.date.accessioned 2009-02-04T10:28:13Z
dc.date.available 2009-02-04T10:28:13Z
dc.date.issued 2008-12-05T00:00:00Z en_US
dc.identifier.uri http://hdl.handle.net/10398/7688
dc.description.abstract Using a stochastic overlapping generations model with endogenous labour supply, this paper studies the design and performance of a policy rule for the retirement age in response to fertility and mortality shocks. Two main results are derived: First, to oset a change in the labour force the retirement age should adjust more than proportionally to the fertility change and, second, to be socially desirable the retirement age should be indexed less than proportionally to changes in life expectancy. en_US
dc.format.extent 29 s. en_US
dc.language eng en_US
dc.relation.ispartofseries Working paper;2008-03 en_US
dc.title Retirement Indexation in a Stochastic Model with Overlapping Generations and Endogenous Labour Supply en_US
dc.type wp en_US
dc.accessionstatus modt08dec05 nijemo en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Centre for Economic and Business Research en_US
dc.contributor.departmentshort CEBR en_US
dc.contributor.departmentuk Centre for Economic and Business Research en_US
dc.contributor.departmentukshort CEBR en_US
dc.idnumber x656557345 en_US
dc.publisher.city København en_US
dc.publisher.year 2008 en_US


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