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Retirement Incomes : Private Savings versus Social Transfers

Author

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  • Creedy, J
  • Van de Ven, J

Abstract

This paper is concerned with the conditions under which a compulsory pay-as-you-go pension system, in which the current generation of workers finances the pensions of those who are currently retired, is superior to the use of private saving.

Suggested Citation

  • Creedy, J & Van de Ven, J, 1997. "Retirement Incomes : Private Savings versus Social Transfers," Department of Economics - Working Papers Series 569, The University of Melbourne.
  • Handle: RePEc:mlb:wpaper:569
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    Cited by:

    1. John Creedy & Shuyun May Li & Solmaz Moslehi, 2008. "The Composition of Government Expenditure in an Overlapping Generations Model," Department of Economics - Working Papers Series 1043, The University of Melbourne.
    2. Antonis Adam & Thomas Moutos, 2009. "Pension Funding In A Unionized Economy," Scottish Journal of Political Economy, Scottish Economic Society, vol. 56(2), pages 213-231, May.
    3. Angus Armstrong & Justin van de Ven, 2016. "The Impact of Possible Migration Scenarios after ‘Brexit’ on the State Pension System," Economies, MDPI, Open Access Journal, vol. 4(4), pages 1-13, October.
    4. John Freebairn, 2007. "Some Policy Issues in Providing Retirement Incomes," Melbourne Institute Working Paper Series wp2007n06, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.

    More about this item

    Keywords

    PENSION SCHEMES;

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

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