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Pension Systems in Open Economy

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Author Info

  • Casarico, A.

Abstract

The paper focuses on the effects of the integration in a perfect world capital market of two large economies running respectively a pay-as-you-go and a fully funded pension system. Under the assumption that the pay-as-you-go is in steady state and self financing, the integration causes changes in factor prices and divergent welfare effects both across countries and across generations.

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Bibliographic Info

Paper provided by Economics Group, Nuffield College, University of Oxford in its series Economics Papers with number 1999-w10.

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Length: 51 pages
Date of creation: 1999
Date of revision:
Handle: RePEc:nuf:econwp:1999-w10

Contact details of provider:
Web page: http://www.nuff.ox.ac.uk/economics/

Related research

Keywords: PENSION FUNDS ; SOCIAL SECURITY ; GENERATIONS;

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Cited by:
  1. Groezen, B.J.A.M. van & Leers, T., 2000. "The Effects of Asymmetric Demographic Shocks with Perfect Capital Mobility," Discussion Paper 2000-88, Tilburg University, Center for Economic Research.

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