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| Author: | Rojas, J. A. |
| Title: | Life-cycle earnings, cohort size effects and social security: a quantitative exploration |
| Journal: | Journal of Public Economics
2005 : FEB, VOL. 89:2-3, p. 465-485 |
| Index terms: | Demography Fiscal policy Social security Work experience |
| Language: | eng |
| Abstract: | This article examines a labour market characterized by imperfect substitutability between less and more experienced workers. It is found that in the model economy with imperfect substitution, the effects of aging on the financial viability of the pension system are less severe than in the standard model economy with perfect substitution. |
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