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The international spillover effects of pension reform

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  • Adema, Y.

    (Tilburg University)

  • Meijdam, A.C.

    (Tilburg University)

  • Verbon, H.A.A.

    (Tilburg University)

Abstract

This paper explores how pension reforms in countries with PAYG schemes affect countries with funded systems. We use a two-country two-period overlapping-generations model, where the countries only differ in their pension systems. We distinguish between the case where a reform potentially leads to a Pareto improvement in the PAYG country, and where this is impossible. In the latter case the funded country shares both in the costs and the benefits of the reform. However, if a Pareto-improving pension reform is feasible in the PAYG country, a Pareto improvement in the funded country is not guaranteed.

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Bibliographic Info

Paper provided by Tilburg University in its series Open Access publications from Tilburg University with number urn:nbn:nl:ui:12-365376.

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Date of creation: 2009
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Publication status: Published in International Tax and Public Finance (2009) v.16, p.670-696
Handle: RePEc:ner:tilbur:urn:nbn:nl:ui:12-365376

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Web page: http://www.tilburguniversity.edu/

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References

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  1. BELAN, Pascal & MICHEL, Philippe & PESTIEAU, Pierre, . "Pareto-improving social security reform," CORE Discussion Papers RP -1372, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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  15. PESTIEAU, Pierre & PIASER, Gwanaël & SATO, Motohiro, . "PAYG pension systems with capital mobility," CORE Discussion Papers RP -1869, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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Cited by:
  1. Fedotenkov, I., 2012. "Pensions and ageing in a globalizing world. International spillover effects via trade and factor mobility," Open Access publications from Tilburg University urn:nbn:nl:ui:12-5590843, Tilburg University.
  2. Pierre Pestieau & Gwanaël Piaser & Motohiro Sato, 2006. "PAYG pension systems with capital mobility," International Tax and Public Finance, Springer, vol. 13(5), pages 587-599, September.
  3. Artige, L. & Dedry, A. & Pestieau, P., 2014. "Social security and economic integration," Economics Letters, Elsevier, vol. 123(3), pages 318-322.
  4. Igor Fedotenkov & Lex Meijdam, 2013. "Crisis and Pension System Design in the EU: International Spillover Effects Via Factor Mobility and Trade," De Economist, Springer, vol. 161(2), pages 175-197, June.
  5. Konrad, Kai A. & Skaperdas, Stergios, 2012. "The market for protection and the origin of the state," Munich Reprints in Economics 13961, University of Munich, Department of Economics.

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