SIMULATING A 55-PERIOD OVERLAPPING GENERATIONS MODEL: AN APPLICATION OF PENSION SYSTEM REFORM FOR IRAN

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

DASHTBAN FAROJI MAJID; SAMADI SAEED; DALLALI ISFAHANI RAHIM; FAKHAR MAJID; ABDOLLAHE MILANI MAHANOSH

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: JOURNAL OF ECONOMIC MODELING RESEARCH Year:2011 | Volume:1 | Issue:2 Page(s): 173-203

Download Full-Text

Persian Verion

View:

1,182

Download:

Cites:

Information Journal Paper

Title

SIMULATING A 55-PERIOD OVERLAPPING GENERATIONS MODEL: AN APPLICATION OF PENSION SYSTEM REFORM FOR IRAN

Author(s)

Keywords

SOCIAL SECURITYQ2

HUMAN CAPITALQ2

PENSION FUNDSQ3

CAPITAL ACCUMULATIONQ2

Abstract

The ability of OLG models in analyzing and simulating the various fields of an economy, such as the investigation of endogenous growth policies, the development of intergenerational equity criteria and the reform of SOCIAL SECURITY system, has caused these models to have a special position among economists in recent decades. However, difficulties in quantifying these models and analyzing their stability properties have led them to remain only theoretical and receiving less attention from empirical viewpoints.This paper uses the proposed method by Auerbach and Kotlikoff to estimate a 55-period overlapping generations model. Then due to failures of the Iran’s Pension System, it analyses and simulates Pension System within overlapping generation’s model with heterogeneous agents living in 55 periods. Thus we study the effects of transition from the Pay-As-You-Go Pension to the Fully Funded Pension System in the process of CAPITAL ACCUMULATION, national production and national consumption.The findings indicate that the individual optimal consumption-saving behavior varies under different SOCIAL SECURITY systems. The results of the simulation model show that in addition to increasing the personal financial assets, Fully Funded Pension System provides a higher physical CAPITAL ACCUMULATION for the economy than that of ¬Pay-as-you-go Pension System. In addition to higher levels of national consumption and production, the transition to the new system causes people to have more incentive to stay in the labor market and to complete their career because they have higher labor income than the old pension system.

Cites

ECONOMIC ASPECTS OF AGEING

References

Cite

APA: Copy

DASHTBAN FAROJI, MAJID, SAMADI, SAEED, DALLALI ISFAHANI, RAHIM, FAKHAR, MAJID, & ABDOLLAHE MILANI, MAHANOSH. (2011). SIMULATING A 55-PERIOD OVERLAPPING GENERATIONS MODEL: AN APPLICATION OF PENSION SYSTEM REFORM FOR IRAN. JOURNAL OF ECONOMIC MODELING RESEARCH, 1(2), 173-203. SID. https://sid.ir/paper/208911/en

Vancouver: Copy

DASHTBAN FAROJI MAJID, SAMADI SAEED, DALLALI ISFAHANI RAHIM, FAKHAR MAJID, ABDOLLAHE MILANI MAHANOSH. SIMULATING A 55-PERIOD OVERLAPPING GENERATIONS MODEL: AN APPLICATION OF PENSION SYSTEM REFORM FOR IRAN. JOURNAL OF ECONOMIC MODELING RESEARCH[Internet]. 2011;1(2):173-203. Available from: https://sid.ir/paper/208911/en

IEEE: Copy

MAJID DASHTBAN FAROJI, SAEED SAMADI, RAHIM DALLALI ISFAHANI, MAJID FAKHAR, and MAHANOSH ABDOLLAHE MILANI, “SIMULATING A 55-PERIOD OVERLAPPING GENERATIONS MODEL: AN APPLICATION OF PENSION SYSTEM REFORM FOR IRAN,” JOURNAL OF ECONOMIC MODELING RESEARCH, vol. 1, no. 2, pp. 173–203, 2011, [Online]. Available: https://sid.ir/paper/208911/en

Related Journal Papers