Equity across Generations and Uncertainty within a Generation: A Welfare Analysis of the National Pension System
This paper utilizes a life-cycle overlapping-generations model to quantify the welfare effects of plans to postpone the depletion of the National Pension Fund. In order for the model to incorporate the rapidly changing demographic structure of Korea fully, we build and calibrate a model in transitio...
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| Format: | Article |
| Language: | English |
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Korea Development Institute
2019-05-01
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| Series: | KDI Journal of Economic Policy |
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| Online Access: | https://doi.org/10.23895/kdijep.2019.41.2.1 |