IDEAS home Printed from
   My bibliography  Save this article

Reforming Pensions: Lessons from Economic Theory and Some Policy Directions


  • Nicholas Barr


  • Peter Diamond



Pension systems have wide-ranging and important effects. They influence the living standards of older people and hence the welfare of both older people and their children. They can also affect national economic performance through potential effects on the labor supply and saving. The design of pensions therefore matters. In discussing the topic, this paper draws on two of our earlier works. It starts by setting out some central lessons from economic theory. Then we derive some policy implications of particular relevance to Latin America.

Suggested Citation

  • Nicholas Barr & Peter Diamond, 2010. "Reforming Pensions: Lessons from Economic Theory and Some Policy Directions," ECONOMIA JOURNAL, THE LATIN AMERICAN AND CARIBBEAN ECONOMIC ASSOCIATION - LACEA, vol. 0(Fall 2010), pages 1-23, August.
  • Handle: RePEc:col:000425:008338

    Download full text from publisher

    File URL:
    Download Restriction: no


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Douglas, R & MacCulloch, Robert, 2016. "Welfare: Savings not Taxation," Working Papers 31890, Department of Economics, The University of Auckland.

    More about this item


    Social security; public pensions;

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:col:000425:008338. 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: (Roberto Bernal). General contact details of provider: .

    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.

    We have no references for this item. You can help adding them by using 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.