English, Article, Journal or magazine article edition: Macroeconomic Effects of Pension Reforms in The Context of Ageing Populations: Overlapping Generations Model Simulations for Seven OECD Countries Ketil Hviding; Marcel Mérette

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/137023
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Macroeconomic Effects of Pension Reforms in The Context of Ageing Populations: Overlapping Generations Model Simulations for Seven OECD Countries
Author
  • Ketil Hviding
  • Marcel Mérette
Physical Description
  • preprint
Notes
  • Using overlapping generations (OLG) models calibrated on seven OECD countries -- the United States, Japan, France, Canada, Italy, the United Kingdom and Sweden -- the authors investigate the macroeconomic impact of possible pension reform strategies as populations age. Simulations include a reduction in the level of pensions, phased abolition of PAYG schemes and general fiscal consolidation. By raising the national saving rate future GDP levels are higher, but not enough to offset the affects of ageing. A rise in the retirement age has larger effects, but implies significant loss of leisure time ... En utilisant des modèles à générations imbriquées pour sept pays de l'OCDE -- Etats-Unis, Japon, France, Canada, Italie, Royaume-Uni et Suède -- les auteurs analysent les effets macro-économiques des différentes réformes de systèmes des pensions dans un contexte de vieillissement de la population. Les simulations considèrent une réduction des niveaux de pensions, une élimination graduelle des systèmes à répartition et une réduction généralisée des dépenses publiques. Dans la mesure où ces réformes augmentent les taux d'épargne, les niveaux futurs du PIB seront plus élevés, mais pas suffisamment pour compenser les effets du vieillissement de la population. Le recul de l'âge officiel de la retraite aurait un effet plus important, mais aussi des implications négatives sur le temps disponible pour les loisirs ...
  • RePEc:oec:ecoaaa:201-en
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment