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Pensions and Contemporary Socioeconomic Change

  • Assar Lindbeck

The paper discusses the consequences for the functioning of different pension systems of various types of socioeconomic changes, mainly demographic developments, variations in productivity growth and changes in real interest rates. Two of the pension systems have exogenous and four have endogenous contribution rates. I analyze both marginal and radical pension reforms for the purpose of making pension systems more stable, avoiding arbitrary redistibutions between generations and dealing with increased heterogeneity of the population in terms of family structure and international mobility. The advantages of combining PAYGO and actuarially fair systems are pointed out.

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File URL: http://www.nber.org/papers/w7770.pdf
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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 7770.

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Date of creation: Jun 2000
Publication status: published as Pensions and Contemporary Socioeconomic Change , Assar Lindbeck. in Social Security Pension Reform in Europe , Feldstein and Siebert. 2002
Handle: RePEc:nbr:nberwo:7770
Note: AG PE
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  1. Bennett T. McCallum & Edward Nelson, 2000. "Nominal Income Targeting in an Open-Economy Optimizing Model," NBER Working Papers 6675, National Bureau of Economic Research, Inc.
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  30. Zenou, Yves, 1999. "Urban Unemployment and City Formation. Theory and Policy Implications," Seminar Papers 662, Stockholm University, Institute for International Economic Studies.
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