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Public Provision of Pensions: The Doug Purvis Memorial Lecture

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  • Peter Diamond

Abstract

Public provision of pensions to the general population comes in a variety of forms. Systems designed around a benefit formula and systems designed around a contribution rate differ in their economic implications and differ in their political settings. Canada has a defined benefit system with fallback automatic adjustment of tax rates. This paper contrasts the Canadian system with the Chilean (privatized) defined contribution system which has received a great deal of attention worldwide. The paper discusses three approaches to cutting benefits if the currently anticipated tax increase is larger than is desired.

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Bibliographic Info

Article provided by University of Toronto Press in its journal Canadian Public Policy.

Volume (Year): 22 (1996)
Issue (Month): 1 (March)
Pages: 1-6

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Handle: RePEc:cpp:issued:v:22:y:1996:i:1:p:1-6

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Postal: University of Toronto Press Journals Division 5201 Dufferin Street Toronto, Ontario, Canada M3H 5T8
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Web page: http://economics.ca/cpp/

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  1. Hazel Bateman & John Piggott & Salvador Valdés, . "Australia y Chile: Previsión con Normas Diferentes. Comparación de Regulaciones y de Comisiones de Administración," Documentos de Trabajo 176, Instituto de Economia. Pontificia Universidad Católica de Chile..
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Cited by:
  1. Frank T. Denton & Byron G. Spencer, 1998. "Economic Costs of Population Aging," Independence and Economic Security of the Older Population Research Papers 32, McMaster University.
  2. Frank T. Denton & Byron G. Spencer, 1999. "Population Aging and Its Economic Costs: A Survey of the Issues and Evidence," Social and Economic Dimensions of an Aging Population Research Papers 1, McMaster University.
  3. Frank T. Denton & Byron G. Spencer, 1999. "Population Aging and Its Costs: A Survey of the Issues and Evidence," Department of Economics Working Papers 1999-03, McMaster University.

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