A Mathematical Model for Social Security Systems with Dynamical Systems

Ingeniería y Ciencia

Gonzalez-Parra, Gilberto¹  Arenas, Abraham J² 

[1] Universidad Los Andes, Mérida, Venezuela;Universidad de Córdoba, Montería, Colombia

关键词: retirement model;    mathematical modeling;    social security;    dynamical system;    applications of mathematics;   

DOI  :  

学科分类：工程和技术（综合）

来源: Universidad E A F I T

【 摘 要 】

In this paper it is proposed a mathematical approach based on dynamic systems to study the effect of the increase in the Social Security normal retirement age on the worker and on the dynamics of retiree populations. In order to simplify this initial effort, the proposed model does not include some economic variables, such as wage growth, earnings or productivity. Here, we employ numerical simulations of the model to investigate the dynamics of the labor force under different demographic scenarios. Analysis of this type of model with numerical simulations can help government economic planners make optimal strategies to sustain pension systems and forecast future trends of pensioner and worker populations.

【 授权许可】

Unknown