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The future of public pensions in the OECD

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  • Christian E. Weller

Abstract

Demographic changes are often presumed to put the future of public pensions in jeopardy. However, public pension finances should be sensitive to employment, wage and inequality growth. A few macroeconomic simulations show that, given modest assumptions about long-term employment and wage growth, the selected OECD countries could continue to pay for public pensions. In particular, policies that can help to improve employment growth could be useful everywhere. Obstacles to public pensions are more likely to arise from political developments than from economic trends. Copyright 2004, Oxford University Press.

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  • Christian E. Weller, 2004. "The future of public pensions in the OECD," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 28(4), pages 489-504, July.
    • Handle: RePEc:oup:cambje:v:28:y:2004:i:4:p:489-504
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    File URL: http://hdl.handle.net/10.1093/cje/beh022
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    Cited by:

    1. Daniela Mantovani & Fotis Papadopoulos & Holly Sutherland & Panos Tsakloglou, 2006. "Pension Incomes in the European Union: Policy Reform Strategies in Comparative Perspective," Research in Labor Economics, in: Micro-Simulation in Action, pages 27-71, Emerald Group Publishing Limited.
    2. Jarocinska Elena & Ruzik-Sierdzińska Anna, 2023. "The distributional effects of the pension system reform in Poland," IZA Journal of Labor Policy, Sciendo & Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 13(1), pages 1-21, January.
    3. Aldo Barba, 2006. "Viability of Pay-As-You-Go pension systems: a demand side perspective," Review of Political Economy, Taylor & Francis Journals, vol. 18(3), pages 413-425.
    4. repec:ces:ifodic:v:10:y:2012:i:4:p:19074538 is not listed on IDEAS
    5. Jacob A. Bikker & Peter J.G. Vlaar, 2006. "Conditional Indexation in Defined Benefit Pension Plans," DNB Working Papers 086, Netherlands Central Bank, Research Department.
    6. Kees Goudswaard & Olaf van Vliet & Jim Been & Koen Caminada, 2012. "Pensions and Income Inequality in Old Age," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 10(4), pages 21-26, December.
    7. -, 2018. "Promoting equality: An interregional perspective," Documentos de Proyectos 43677, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    8. Filgueira, Fernando & Manzi, Pilar, 2017. "Pension and income transfers for old age: Inter- and intra-generational distribution in comparative perspective," Políticas Sociales 42087, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    9. Van Vliet, Olaf & Been, Jim & Caminada, Koen & Goudswaard, Kees, 2011. "Pension reform and income inequality among the elderly in 15 European countries," MPRA Paper 32940, University Library of Munich, Germany.

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