Is There An Alternative To The Pay-As-You-Go Pension System In Serbia?
International pension reform experiences indicate that, amid demographic aging, each country needs to identify the reform policies most suited to its own economic and social environment. The economic analysis in this paper suggests that a potential prefunding of the Serbian pension system, either through a public pension reserve fund or mandatory private pension funds, would yield an economic performance inferior to the existing PAYG financing. If a wealth transfer from current to future generations is desirable from the macroeconomic or social perspective it should be implemented through repayment of outstanding public debt, not through pension system prefunding. Pension reform efforts should thus focus on parametric PAYG changes and adequate integration of voluntary retirement saving vehicles into the Serbian pension system.
Volume (Year): 58 (2013)
Issue (Month): 198 (July - September)
|Contact details of provider:|| Postal: |
Phone: (381 11) 302122
Fax: (381 11) 639 560
Web page: http://www.ekof.bg.ac.rs/
More information through EDIRC
|Order Information:|| Web: http://ea.ekof.bg.ac.rs/ Email: |
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Geanakoplos, J. & Mitchell, O.S. & Zeldes, S.P., 1998.
"Would a Privatized Social Security System Really Pay a Higher Rate of Return?,"
98-03, Columbia - Graduate School of Business.
- John Geanakoplos & Olivia S. Mitchell & Stephen P. Zeldes, . "Would a Privatized Social Security System Really Pay a Higher Rate of Return?," Pension Research Council Working Papers 98-6, Wharton School Pension Research Council, University of Pennsylvania.
- John Geanakoplos & Olivia S. Mitchell & Stephen P. Zeldes, 1998. "Would a Privatized Social Security System Really Pay a Higher Rate of Return?," Cowles Foundation Discussion Papers 1194, Cowles Foundation for Research in Economics, Yale University.
- John Genakoplos & Olivia S. Mitchell & Stephen P. Zeldes, 2000. "Would a Privatized Social Security System Really Pay a Higher Rate of Return," NBER Working Papers 6713, National Bureau of Economic Research, Inc.
- Olivia S. Mitchell & John Geanakoplos & Stephen P. Zeldes, . "Would a Privatized Social Security System Really Pay a Higher Rate of Return?," Center for Financial Institutions Working Papers 98-26, Wharton School Center for Financial Institutions, University of Pennsylvania.
When requesting a correction, please mention this item's handle: RePEc:beo:journl:v:58:y:2013:i:198:p:89-114. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Goran Petrić)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.