Public Pensions and Capital Accumulation: The Case of Brazil
AbstractWe use an OLG model to study the effects of the generous public sector pension system in Brazil. In our model there are two types of workers, one working in the private sector, the other working in the public sector. Public workers produce infrastructure or education services. We find that reducing generosity of the public sector pensions has large effects on capital accumulation and steady state income.
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Bibliographic InfoPaper provided by CESifo Group Munich in its series CESifo Working Paper Series with number 1539.
Date of creation: 2005
Date of revision:
pension reform; capital accumulation;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-09-29 (All new papers)
- NEP-DGE-2005-09-29 (Dynamic General Equilibrium)
- NEP-EDU-2005-09-29 (Education)
- NEP-LAM-2005-09-29 (Central & South America)
- NEP-MAC-2005-09-29 (Macroeconomics)
- NEP-PBE-2005-09-29 (Public Economics)
- NEP-PUB-2005-09-29 (Public Finance)
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