pension reform, portfolio allocation, housing, OLG model

Publication date: 1 Jan 2006 | Publication type: NIESR Discussion Paper | External authors: Ale_ ˇCern_ and David Miles | JEL classification: H31, H55, C61, G11 | NIESR discussion paper number: 267
Using a calibrated OLG model with several sources of uncertainty we find that the impact of ageing and of reform of social security upon the demand for housing and the level of owner occupation is substantial. The overall structure of household asset holdings - in particular the split between real...