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Social Security: National Policies with International Implications

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  • Pemberton, James

Abstract

Social security policies within individual countries are determined independently by national governments but the resulting outcome is inefficient compared with what would result from the international coordination of policies. This is because national social security policies produce international externalities via their effects on world interest rates. An illustrative example suggests that the gains from coordination are potentially significant.

Suggested Citation

  • Pemberton, James, 1999. "Social Security: National Policies with International Implications," Economic Journal, Royal Economic Society, vol. 109(457), pages 492-508, July.
  • Handle: RePEc:ecj:econjl:v:109:y:1999:i:457:p:492-508
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    Cited by:

    1. Gouveia, Ana, 2010. "The political economy of pension systems under free labor mobility," MPRA Paper 77287, University Library of Munich, Germany.
    2. Axel Börsch-Supan & Alexander Ludwig & Joachim Winter, 2006. "Ageing, Pension Reform and Capital Flows: A Multi-Country Simulation Model," Economica, London School of Economics and Political Science, vol. 73(292), pages 625-658, November.
    3. Axel Börsch-Supan & Alexander Ludwig, 2010. "Old Europe Ages: Reforms and Reform Backlashes," NBER Chapters,in: Demography and the Economy, pages 169-204 National Bureau of Economic Research, Inc.
    4. Axel Boersch-Supan & Florian Heiss & Alexander Ludwig & Joachim Winter, 2003. "Pension Reform, Capital Markets and the Rate of Return," German Economic Review, Verein für Socialpolitik, vol. 4(2), pages 151-181, May.
    5. Alain Jousten & Pierre Pestieau, 2002. "Labor Mobility, Redistribution, and Pension Reform in Europe," NBER Chapters,in: Social Security Pension Reform in Europe, pages 85-108 National Bureau of Economic Research, Inc.
    6. Chen, Yu-Fu & Görg, Holger & Görlich, Dennis & Molana, Hassan & Montagna, Catia & Temouri, Yama, 2014. "Globalisation and the future of the welfare state," Kiel Policy Brief 76, Kiel Institute for the World Economy (IfW).
    7. Börsch-Supan, Axel & Ludwig, Alexander & Sommer, Mathias, 2005. "Aging and Asset Prices," Sonderforschungsbereich 504 Publications 07-29, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
    8. Pierre Pestieau & Gwanaël Piaser & Motohiro Sato, 2006. "PAYG pension systems with capital mobility," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 13(5), pages 587-599, September.
    9. Mark A. Roberts, 2013. "Pareto-improving pension reform through technological implementation," Scottish Journal of Political Economy, Scottish Economic Society, vol. 60(3), pages 317-342, July.
    10. Axel Börsch-Supan, 2004. "Global Aging: Issues, Answers, More Questions," MEA discussion paper series 04055, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
    11. Cremer, Helmuth & Pestieau, Pierre, 2002. "Factor Mobility and Redistribution: A Survey," IDEI Working Papers 154, Institut d'Économie Industrielle (IDEI), Toulouse, revised 2003.
    12. Pemberton, James, 2000. "National and international privatisation of pensions," European Economic Review, Elsevier, vol. 44(10), pages 1873-1896, December.
    13. Tatiana Damjanovic, 2006. "On The Possibility Of Pareto-Improving Pension Reform," Manchester School, University of Manchester, vol. 74(6), pages 711-724, December.
    14. Beltrametti, Luca & Bonatti, Luigi, 2004. "Does international coordination of pension policies boost capital accumulation?," Journal of Public Economics, Elsevier, vol. 88(1-2), pages 113-129, January.
    15. Börsch-Supan, Axel, 2004. "Global aging : issues, answers, more questions," Papers 07-28, Sonderforschungsbreich 504.
    16. Casarico Alessandra, 2001. "Pension systems in integrated capital markets," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 1(1), pages 1-19, November.
    17. Raymond Batina, 2012. "Capital tax competition and social security," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 19(6), pages 819-843, December.
    18. Bas van Groezen & H. Kiiver & B. Unger, 2006. "Coordination of Pension Provision in a Divided Europe: The Role of Citizens' Preferences," Working Papers 06-08, Utrecht School of Economics.
    19. Bas Van Groezen & Lex Meijdam & Harrie A. A. Verbon, 2007. "Increased Pension Savings: Blessing or Curse? Social Security Reform in a Two-Sector Growth Model," Economica, London School of Economics and Political Science, vol. 74(296), pages 736-755, November.

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