PESTIEAUÊ , Pierre (UniversitŽ catholique de Louvain (UCL). Center for Operations Research and Econometrics (CORE)) POSSENÊ, UriÊ (Cornell University)
Abstract
This paper explores the shift from defined benefit to defined contribution pension plans when the payout rate from social security is set optimally. This paper shows that when employees are receiving more of their private pensions from defined contribution plans one should be raising the payout rate from traditional social security rather than trying to privatize part of it.
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Publisher Info
Paper provided by Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) in its series CORE Discussion Papers with number
2008022.
Find related papers by JEL classification: H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
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