social security reform the case of romania costin g borc departmentofeconomics university wisconsin madison cborc ssc wisc edu first version april 9 2000 this june 24 2001 abstract paper presents a general equilibrium model and simulation system in provides computational e ects proposed increases retirement age introduction fully funded scheme an environment where agents can choose labor supply each period face individual income mortality risk changes upon consumption asset holdings over life cycle also shows interest rates wages capital output due to recently enacted pension results show that there is strong ect policy with utility function leisure when workers have opportunity modify amount hours worked component does not necessary increase economy 1 evaluates proposal for
