Pension Systems in Open Economy
AbstractThe 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 InfoPaper provided by Economics Group, Nuffield College, University of Oxford in its series Economics Papers with number 1999-w10.
Length: 51 pages
Date of creation: 1999
Date of revision:
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Web page: http://www.nuff.ox.ac.uk/economics/
PENSION FUNDS ; SOCIAL SECURITY ; GENERATIONS;
Find related papers by JEL classification:
- D91 - Microeconomics - - Intertemporal Choice and Growth - - - Intertemporal Consumer Choice; Life Cycle Models and Saving
- G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
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- 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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