{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2024,9,6]],"date-time":"2024-09-06T23:46:45Z","timestamp":1725666405649},"reference-count":0,"publisher":"ECMS","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":[],"published-print":{"date-parts":[[2023,6,23]]},"abstract":"<jats:p>We examine the welfare effects of uncertainty caused by the possibility of changes in the parameters of the pension system by comparing how the steady states of our OLG model differ if the consumers are aware of a changed parameter at the beginning of the first period of their life (i.e., when they start working), or only at the beginning of the second period. Our analysis includes three policy changes (increased retirement age, increased social security contribution, decreased replacement ratio), and in all three cases we find that a sudden, unexpected change decreases the lifetime utility of the representative consumer compared to a pre-announced changed.<\/jats:p>","DOI":"10.7148\/2023-0071","type":"proceedings-article","created":{"date-parts":[[2023,8,16]],"date-time":"2023-08-16T11:46:57Z","timestamp":1692186417000},"page":"71-77","source":"Crossref","is-referenced-by-count":0,"title":["The Effects Of Uncertainties In The Pension System On Economic Welfare"],"prefix":"10.7148","author":[{"given":"Andras Oliver","family":"Nemeth","sequence":"first","affiliation":[]},{"given":"Eszter","family":"Szabo-Bakos","sequence":"additional","affiliation":[]}],"member":"4144","published-online":{"date-parts":[[2023,6,23]]},"event":{"name":"37th ECMS International Conference on Modelling and Simulation"},"container-title":["ECMS 2023 Proceedings edited by Enrico Vicario, Romeo Bandinelli, Virginia Fani, Michele Mastroianni"],"original-title":[],"deposited":{"date-parts":[[2023,8,16]],"date-time":"2023-08-16T11:47:03Z","timestamp":1692186423000},"score":1,"resource":{"primary":{"URL":"https:\/\/www.scs-europe.net\/dlib\/2023\/2023-0071.html"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2023,6,23]]},"references-count":0,"URL":"https:\/\/doi.org\/10.7148\/2023-0071","relation":{},"subject":[],"published":{"date-parts":[[2023,6,23]]}}}