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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/13833 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/13833 http://eprints.org/relation/isCoversheetVersionOf https://pure.iiasa.ac.at/id/document/13833 archive 351 disk0/00/01/16/72 2016-01-15 08:54:17 2026-03-06 05:00:18 2016-01-15 08:54:17 monograph show 2 Poblete Cazenave M. 8909 0000-0001-8280-910X Sanderson W.C. 1631 A dismal future? Towards a new model of labor market dynamics based on evolving demographic variables pub iis_pop prog_pop prog_ysp Standard labor market models assume that individuals work between ages 15-64 and then retire. Forecasted improvements in demographic variables such as life expectancy and health level of the population question the validity of those assumptions. Here we develop a model in which individuals decide optimally their retirement age according to changes in demographic and economic variables. Under this framework, individuals should naturally delay their retirement in the following decades. This implies a very different approach to policy, since the implied support ratios may not be as worrisome as the ones coming from the standard models. However, a word of caution is necessary, as the design of the pension system may give enough incentives for people to retire before what could be optimal on an equitable pension system. 2015-11 published IR-15-017 IR-15-017 3068 265 public interim_report IIASA, Laxenburg, Austria 18 TRUE Reassessing Ageing from a Population Perspective (RE-AGEING, FP7 323947) FALSE yes info:eu-repo/grantAgreement/EC/FP7/323947/EU/Reassessing Ageing from a Population Perspective/RE-AGEING info:eu-repo/semantics/book info:eu-repo/semantics/openAccess