The effects of the raising-the-official-pension-age policy in an overlapping generations economy |
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Authors: | Koichi Miyazaki |
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Institution: | Department of Economics, National Taiwan University, Taiwan |
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Abstract: | This paper studies how economic variables are affected by raising the official pension age. Although it is said that such a policy increases output, this paper shows that such a statement is not necessarily true. Moreover, the paper finds that the social security benefit can decrease, which implies that it might be impossible to sustain the same level of benefit only by such a policy. |
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Keywords: | D91 H55 J26 |
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