| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18856 |
| 来源ID | Working Paper 18856 |
| Aging and Pension Reform: Extending the Retirement Age and Human Capital Formation | |
| Edgar Vogel; Alexander Ludwig; Axel Börsch-Supan | |
| 发表日期 | 2013-02-28 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | Projected demographic changes in industrialized and developing countries vary in extent and timing but will reduce the share of the population in working age everywhere. Conventional wisdom suggests that this will increase capital intensity with falling rates of return to capital and increasing wages. This decreases welfare for middle aged agents with assets accumulated for retirement. This paper addresses three important adjustments channels to dampen these detrimental effects of ageing: investing abroad, endogenous human capital formation and increasing the retirement age. Although non of these suggestions is new in itself, we examine their effects jointly in one coherent model. Our quantitative finding is that openness has a relatively mild effect. In contrast, endogenous human capital formation in combination with an increase in the retirement age has strong effects. Under these adjustments maximum welfare losses of demographic change for households alive in 2010 are reduced by about 3 percentage points. |
| 主题 | Microeconomics ; Mathematical Tools ; Macroeconomics ; Macroeconomic Models ; Consumption and Investment ; Labor Economics ; Demography and Aging ; Labor Supply and Demand |
| URL | https://www.nber.org/papers/w18856 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/576531 |
| 推荐引用方式 GB/T 7714 | Edgar Vogel,Alexander Ludwig,Axel Börsch-Supan. Aging and Pension Reform: Extending the Retirement Age and Human Capital Formation. 2013. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w18856.pdf（262KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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