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首页> 外文期刊>Metroeconomica >A note on 'raising the mandatory retirement age and its effect on long-run income and Pay As You Go (PAYG) pensions'
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A note on 'raising the mandatory retirement age and its effect on long-run income and Pay As You Go (PAYG) pensions'

机译:关于“提高法定退休年龄及其对长期收入和现收现付(PAYG)养老金的影响”的说明

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摘要

Fanti (2014, Metroeconomica, 65, 619-645) showed that raising the mandatory retirement age always reduces capital accumulation and may lower per young income and pension benefit, under the assumption that old labor and young labor are perfect substitutes (or equivalently, the elasticity of substitution is infinite). We reexamine his analysis by assuming that the two labors are imperfect substitutes (the elasticity of substitution is finite), and prove that his results no longer hold when the elasticity of substitution is not sufficiently high.
机译:Fanti(2014,Metroeconomica,65,619-645)表明,在假定老年劳动力和青年劳动力是理想的替代者(或等价者)的假设下,提高法定退休年龄总是会减少资本积累并可能降低年轻人的年收入和养老金。替代的弹性是无限的)。我们通过假设两种劳动是不完全的替代品(替代品的弹性是有限的)来重新检验他的分析,并证明当替代品的弹性不够高时他的结果不再成立。

著录项

  • 来源
    《Metroeconomica》 |2019年第1期|68-76|共9页
  • 作者

    Tanaka Jumpei;

  • 作者单位

    Univ Kitakyusyu, Fac Econ & Business Adm, Kitakyushu, Japan;

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  • 原文格式 PDF
  • 正文语种 eng
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