Pension Reforms, Population Aging, and Retirement Decision of the Elderly in a Neoclassical Growth Model

Pension Reforms, Population Aging, and Retirement Decision of the Elderly in a Neoclassical Growth Model
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新古典增长模型中的养老金改革、人口老龄化和老年人的退休决策

DOI:
10.1017/s1365100521000390
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发表时间:
2023
影响因子:
0.9
通讯作者:
Mino Kazuo
Mino Kazuo
中科院分区:
经济学4区
文献类型:
--
作者:
Hirono Makoto;Mino Kazuo

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本研究以两世代重叠模型探讨老年人参与劳动力与经济长期绩效之间的关联。我们假设老年人的劳动效率是异质的,如果他们的收入超过了完全退休时可以领取的养老金,他们就会继续工作。我们首先考察决定老年人退休决定的关键因素。然后,我们研究分析以及数字的长期影响,老年人的劳动参与资本积累和收入分配。
This study explores the linkage between the labor force participation of the elderly and the long-run performance of the economy in the context of a two-period-lived overlapping generations model. We assume that the old agents are heterogeneous in their labor efficiency and they continue working if their income exceeds the pension that can be received in the case of full retirement. We first inspect the key factors that determine the retirement decision of the elderly. We then examine analytically as well as numerically the long-run impact of labor participation of the elderly on capital accumulation and income distribution.
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