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Public Policy and the Transition to Private Pension Provision in the United States and Europe

Author

Listed:
  • Onorato Castellino

    () (University of Turin and Center for Research on Pensions and Welfare Policies, Turin)

  • Elsa Fornero

    () (University of Turin and Center for Research on Pensions and Welfare Policies, Turin)

Abstract

PAYG and funding may and do coexist in social security systems. The proportions of this coexistence, however, are quite variable from country to country. The paper examines the US and a number of European countries, looking at both the present state and the foreseeable trends in future decades. The impact of a mixed system is analysed under the relevant viewpoints, with special reference to the adequacy and sustainability of the overall structure and to the distribution of risk.

Suggested Citation

  • Onorato Castellino & Elsa Fornero, 2006. "Public Policy and the Transition to Private Pension Provision in the United States and Europe," CeRP Working Papers 48, Center for Research on Pensions and Welfare Policies, Turin (Italy).
  • Handle: RePEc:crp:wpaper:48
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    Cited by:

    1. Giovanni Gallo & Costanza Torricelli & Arthur van Soest, 2016. "Individual heterogeneity and pension choices: How to communicate an effective message?," Center for the Analysis of Public Policies (CAPP) 0136, Universita di Modena e Reggio Emilia, Dipartimento di Economia "Marco Biagi".
    2. Giovanni Gallo & Costanza Torricelli & Arthur van Soest, 2016. "Individual heterogeneity and pension choices: How to communicate an effective message?," Department of Economics 0080, University of Modena and Reggio E., Faculty of Economics "Marco Biagi".
    3. Laura Raisa MiloĊŸ & Carmen Corduneanu, 2011. "Diversity Of The Pension Systems In The European Union Countries"," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 58, pages 145-155, november.

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