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Government Mandated Private Pensions: A Dependable Foundation for Retirement Security?

Author

Listed:
  • Pecchenino, R.A.
  • Pollard, P.S.

Abstract

We develop a model of an overlapping generations economy characterized by provate pensions where risk averse agents face both longetivity and investment risks.

Suggested Citation

  • Pecchenino, R.A. & Pollard, P.S., 1999. "Government Mandated Private Pensions: A Dependable Foundation for Retirement Security?," Papers 9902, Michigan State - Econometrics and Economic Theory.
    • Handle: RePEc:fth:mistet:9902
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    Keywords

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    JEL classification:

    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions

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