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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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File URL: http://hdl.handle.net/10.1093/cje/beh022
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Bibliographic Info

Article provided by Oxford University Press in its journal Cambridge Journal of Economics.

Volume (Year): 28 (2004)
Issue (Month): 4 (July)
Pages: 489-504

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Handle: RePEc:oup:cambje:v:28:y:2004:i:4:p:489-504

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Cited by:
  1. Jacob A. Bikker & Peter J.G. Vlaar, 2006. "Conditional Indexation in Defined Benefit Pension Plans," DNB Working Papers 086, Netherlands Central Bank, Research Department.
  2. 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.
  3. Mantovani, Daniela & Papadopoulos, Fotis & Sutherland, Holly & Tsakloglou, Panos, 2005. "Pension Incomes in the European Union: Policy Reform Strategies in Comparative Perspective," IZA Discussion Papers 1537, Institute for the Study of Labor (IZA).
  4. Kees Goudswaard & Olaf van Vliet & Jim Been & Koen Caminada, 2012. "Pensions and Income Inequality in Old Age," CESifo DICE Report, Ifo Institute for Economic Research at the University of Munich, vol. 10(4), pages 21-26, December.
  5. 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.

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