TY  - BOOK
AU  - Bloom,David E.
AU  - Canning,David
AU  - Mansfield,Rick
AU  - Moore,Michael
ED  - National Bureau of Economic Research.
TI  - Demographic Change, Social Security Systems, and Savings
T2  - NBER working paper series
PY  - 2006///
CY  - Cambridge, Mass.
PB  - National Bureau of Economic Research
N1  - October 2006; Hardcopy version available to institutional subscribers
N2  - In theory, improvements in healthy life expectancy should generate increases in the average age of retirement, with little effect on savings rates. In many countries, however, retirement incentives in social security programs prevent retirement ages from keeping pace with changes in life expectancy, leading to an increased need for life-cycle savings. Analyzing a cross-country panel of macroeconomic data, we find that increased longevity raises aggregate savings rates in countries with universal pension coverage and retirement incentives, though the effect disappears in countries with pay-as-you-go systems and high replacement rates
UR  - https://www.nber.org/papers/w12621
UR  - http://dx.doi.org/10.3386/w12621
ER  -