SFB 303 Discussion Paper No. A - 536
Author: Marquardt, Marko
Title: Increasing Life Expectancy and Pay-As-You-Go Pension Systems
Abstract: We model a proportional adjustment of the labor life-span to the
lifetime and show that the impact of an increasing lifetime on the PAYG
pension scheme depends on the sign of the birthrate. Moreover, PAYG
pension systems are not maintainable if the birthrate is negative.
Keywords: Public Pension, OLG, Ageing
Creation-Date: October 1996
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