The individual life-cycle, annuity market imperfections and economic growth

DOI10.1016/J.JEDC.2012.01.001MaRDI QIDQ433693zbMATHOpenAlexFDO

Authors Ben J. Heijdra, Jochen Mierau

Publication date 6 July 2012

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2012.01.001

zbMATH Keywords

demographyendogenous growthretirementoverlapping generationsannuity markets

Mathematics Subject Classification ID

Mathematical geography and demography (91D20) Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62)

Recommendations

• Effects of uncertain lifetime and annuity insurance on capital accumulation and growth
• The economic theory of annuities.
• Growth effects of annuities and government transfers in perpetual youth models
• Longevity and economic growth in a dynastic family model with an annuity market
• Annuity markets and capital accumulation

Cites work

• scientific article; zbMATH DE number 700855 (Why is no real title available?)
• Consumption Over the Life Cycle
• Fiscal Policy in an Endogenous Growth Model
• Growth effects of consumption and labor-income taxation in an overlapping-generations life-cycle model
• Life-Cycle Economies and Aggregate Fluctuations
• Life-cycle asset allocation with annuity markets
• Neoclassical life-cycle consumption: A textbook example
• Vintage human capital, demographic trends, and endogenous growth

Cited in

(9)

• Demography, growth, and inequality
• The growth effects of anticipated versus unanticipated population aging
• Growth effects of annuities and government transfers in perpetual youth models
• Annuity markets and capital accumulation
• Longevity and economic growth in a dynastic family model with an annuity market
• The economic theory of annuities.
• Public investment, factor income taxation, and intergenerational welfare distribution in an overlapping generations model
• Increasing life expectancy and optimal retirement in general equilibrium
• Effects of uncertain lifetime and annuity insurance on capital accumulation and growth

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