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Public Policy and the Transition to Private Pension Provision in the United States and Europe

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Author Info
Onorato Castellino () (University of Turin and Center for Research on Pensions and Welfare Policies, Turin)
Elsa Fornero () (University of Turin and Center for Research on Pensions and Welfare Policies, Turin)

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Abstract

PAYG and funding may and do coexist in social security systems. The proportions of this coexistence, however, are quite variable from country to country. The paper examines the US and a number of European countries, looking at both the present state and the foreseeable trends in future decades. The impact of a mixed system is analysed under the relevant viewpoints, with special reference to the adequacy and sustainability of the overall structure and to the distribution of risk.

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File URL: http://cerp.unito.it/index.php/en/publications/working-papers/142-public-policy-and-the-transition-to-private-pension-provision-in-the-united-states-and-europe
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Publisher Info
Paper provided by Center for Research on Pensions and Welfare Policies, Turin (Italy) in its series CeRP Working Papers with number 48.

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Length: 32 pages
Date of creation: Mar 2006
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Handle: RePEc:crp:wpaper:48

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