On the Optimal Degree Of Funding Of Public Sector Pension Plans
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Meijdam, A.C. & Ponds, E.H.M., 2013. "On the Optimal Degree Of Funding Of Public Sector Pension Plans," Other publications TiSEM 1c5b7af1-e1ee-4d01-a341-f, Tilburg University, School of Economics and Management.
References listed on IDEAS
- Richard Disney & Carl Emmerson & Gemma Tetlow, 2009.
"What is a Public Sector Pension Worth?,"
Economic Journal, Royal Economic Society, vol. 119(541), pages 517-535, November.
- Richard Disney & Carl Emmerson & Gemma Tetlow, 2009. "What is a Public Sector Pension Worth?," Economic Journal, Royal Economic Society, vol. 119(541), pages 517-535, November.
- Richard Disney & Carl Emmerson & Gemma Tetlow, 2007. "What is a public sector pension worth?," IFS Working Papers W07/17, Institute for Fiscal Studies.
- Immergut, Ellen M., 1990. "Institutions, Veto Points, and Policy Results: A Comparative Analysis of Health Care ," Journal of Public Policy, Cambridge University Press, vol. 10(4), pages 391-416, October.
- Matsen, Egil & Thogersen, Oystein, 2004.
"Designing social security - a portfolio choice approach,"
European Economic Review, Elsevier, vol. 48(4), pages 883-904, August.
- Egil Matsen & Øystein Thøgersen, 2000. "Designing Social Security – A Portfolio Choice Approach," Working Paper Series 1102, Department of Economics, Norwegian University of Science and Technology.
- Matsen, E. & Thogersen, O., 2001. "Designing Social Security - A Portfolio Choice Approach," Papers 21/2001, Norwegian School of Economics and Business Administration-.
- Munnell, Alicia H. & Aubry, Jean-Pierre & Quinby, Laura, 2011.
"Public pension funding in practice,"
Journal of Pension Economics and Finance, Cambridge University Press, vol. 10(2), pages 247-268, April.
- Alicia H. Munnell & Jean-Pierre Aubry & Laura Quinby, 2010. "Public Pension Funding in Practice," NBER Working Papers 16442, National Bureau of Economic Research, Inc.
- Bohn, Henning, 2011.
"Should public retirement plans be fully funded?,"
Journal of Pension Economics and Finance, Cambridge University Press, vol. 10(2), pages 195-219, April.
- Henning Bohn, 2010. "Should Public Retirement Plans be Fully Funded?," NBER Chapters, in: The Economics of State and Local Pensions, pages 195-219, National Bureau of Economic Research, Inc.
- Bohn, Henning, 2010. "Should Public Retirement Plans be Fully Funded?," University of California at Santa Barbara, Economics Working Paper Series qt1cw6c8qg, Department of Economics, UC Santa Barbara.
- Henning Bohn, 2010. "Should Public Retirement Plans be Fully Funded?," NBER Working Papers 16409, National Bureau of Economic Research, Inc.
- Dirk Krueger & Felix Kubler, 2006.
"Pareto-Improving Social Security Reform when Financial Markets are Incomplete!?,"
American Economic Review, American Economic Association, vol. 96(3), pages 737-755, June.
- Dirk Krueger & Felix Kubler, 2003. "Pareto Improving Social Security Reform when Financial Markets are Incomplete?," NBER Working Papers 9410, National Bureau of Economic Research, Inc.
- Krueger, Dirk & Kübler, Felix, 2005. "Pareto Improving Social Security Reform when Financial Markets Are Incomplete," CEPR Discussion Papers 5039, C.E.P.R. Discussion Papers.
- Krueger, Dirk & Kubler, Felix, 2005. "Pareto improving social security reform when financial markets are incomplete!?," CFS Working Paper Series 2005/12, Center for Financial Studies (CFS).
- Ponds, E.H.M. & Severinson, C. & Yermo, J., 2012. "Implicit debt in public sector plans : An international comparison," Other publications TiSEM 8263bb65-8b50-4890-9252-0, Tilburg University, School of Economics and Management.
- Campbell, John Y. & Viceira, Luis M., 2002. "Strategic Asset Allocation: Portfolio Choice for Long-Term Investors," OUP Catalogue, Oxford University Press, number 9780198296942.
- Eduard Ponds & Clara Severinson & Juan Yermo, 2011.
"Funding in Public Sector Pension Plans - International Evidence,"
NBER Working Papers
17082, National Bureau of Economic Research, Inc.
- Eduard Ponds & Clara Severinson & Juan Yermo, 2011. "Funding in Public Sector Pension Plans: International Evidence," OECD Working Papers on Finance, Insurance and Private Pensions 8, OECD Publishing.
- Palacios, Robert, 2006.
"Civil-service pension schemes around the world,"
MPRA Paper
14796, University Library of Munich, Germany.
- palacios, Robert & Whitehouse, Edward, 2006. "Civil-service pension schemes around the world," Social Protection Discussion Papers and Notes 90340, The World Bank.
- Dutta, Jayasri & Kapur, Sandeep & Orszag, J. Michael, 2000. "A portfolio approach to the optimal funding of pensions," Economics Letters, Elsevier, vol. 69(2), pages 201-206, November.
- Øystein Thøgersen & Kine Bøhlerengen, 2010. "Alternative Risk-Sharing Mechanisms of Social Security," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 66(2), pages 134-152, June.
- Perotti, Enrico & Schwienbacher, Armin, 2009.
"The political origin of pension funding,"
Journal of Financial Intermediation, Elsevier, vol. 18(3), pages 384-404, July.
- Perotti, Enrico & Schwienbacher, Armin, 2007. "The Political Origin of Pension Funding," CEPR Discussion Papers 6100, C.E.P.R. Discussion Papers.
- Enrico Perotti & Armin Schwienbacher, 2007. "The Political Origin of Pension Funding," Tinbergen Institute Discussion Papers 07-004/2, Tinbergen Institute, revised 30 Oct 2008.
- Schieber, Sylvester J., 2011. "Political economy of public sector retirement plans," Journal of Pension Economics and Finance, Cambridge University Press, vol. 10(2), pages 269-290, April.
- Markus Knell, 2010.
"The Optimal Mix Between Funded and Unfunded Pension Systems When People Care About Relative Consumption,"
Economica, London School of Economics and Political Science, vol. 77(308), pages 710-733, October.
- Markus Knell, 2008. "The Optimal Mix Between Funded and Unfunded Pensions System When People Care About Relative Consumption," Working Papers 146, Oesterreichische Nationalbank (Austrian Central Bank).
- Robert Novy-Marx & Joshua D. Rauh, 2009. "The Liabilities and Risks of State-Sponsored Pension Plans," Journal of Economic Perspectives, American Economic Association, vol. 23(4), pages 191-210, Fall.
- Christoph Borgmann, 2005. "Social Security, Demographics, and Risk," Population Economics, Springer, number 978-3-540-26697-6, January.
- Andreas Wagener, 2003. "Pensions as a portfolio problem: fixed contribution rates vs. fixed replacement rates reconsidered," Journal of Population Economics, Springer;European Society for Population Economics, vol. 16(1), pages 111-134, February.
- Jeffrey R. Brown & David W. Wilcox, 2009. "Discounting State and Local Pension Liabilities," American Economic Review, American Economic Association, vol. 99(2), pages 538-542, May.
- Robert C. Merton, 1983. "On the Role of Social Security as a Means for Efficient Risk Sharing in an Economy Where Human Capital Is Not Tradable," NBER Chapters, in: Financial Aspects of the United States Pension System, pages 325-358, National Bureau of Economic Research, Inc.
- Tsebelis, George, 1995. "Decision Making in Political Systems: Veto Players in Presidentialism, Parliamentarism, Multicameralism and Multipartyism," British Journal of Political Science, Cambridge University Press, vol. 25(3), pages 289-325, July.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Westerhout, Ed & Meijdam, Lex & Ponds, Eduard & Bonenkamp, Jan, 2022.
"Should we revive PAYG? On the optimal pension system in view of current economic trends,"
European Economic Review, Elsevier, vol. 148(C).
- Westerhout, Ed & Meijdam, Lex & Ponds, Eduard & Bonenkamp, Jan, 2021. "Should we Revive PAYG? On the Optimal Pension System in View of Current Economic Trends," Other publications TiSEM 63418f60-e248-4dc9-aac8-f, Tilburg University, School of Economics and Management.
- Westerhout, Ed & Meijdam, Lex & Ponds, Eduard & Bonenkamp, Jan, 2021. "Should we Revive PAYG? On the Optimal Pension System in View of Current Economic Trends," Discussion Paper 2021-013, Tilburg University, Center for Economic Research.
- De Menil, Georges & Murtin, Fabrice & Sheshinski, Eytan & Yokossi, Tite, 2016.
"A rational, economic model of paygo tax rates,"
European Economic Review, Elsevier, vol. 89(C), pages 55-72.
- Shehsinski, Eytan & de Menil, Georges & Murtin, Fabrice, 2014. "A Rational Economic Model of Paygo Tax Rates," MPRA Paper 64451, University Library of Munich, Germany.
- Sheshinski, Eytan & Murtin, Fabrice & de Menil, Georges & T. Yokossi, Murtin, 2016. "A Rational Economic Model of Paygo Tax Rates," MPRA Paper 72034, University Library of Munich, Germany.
- Bilancini, Ennio & D’Antoni, Massimo, 2012. "The desirability of pay-as-you-go pensions when relative consumption matters and returns are stochastic," Economics Letters, Elsevier, vol. 117(2), pages 418-422.
- Markus Knell, 2010.
"The Optimal Mix Between Funded and Unfunded Pension Systems When People Care About Relative Consumption,"
Economica, London School of Economics and Political Science, vol. 77(308), pages 710-733, October.
- Markus Knell, 2008. "The Optimal Mix Between Funded and Unfunded Pensions System When People Care About Relative Consumption," Working Papers 146, Oesterreichische Nationalbank (Austrian Central Bank).
- D'Amato, Marcello & Galasso, Vincenzo, 2010.
"Political intergenerational risk sharing,"
Journal of Public Economics, Elsevier, vol. 94(9-10), pages 628-637, October.
- Marcello D’Amato & Vincenzo Galasso, 2008. "Political Intergenerational Risk Sharing," Working Papers 342, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Marcello D'Amato & Vincenzo Galasso, 2009. "Political Intergenerational Risk Sharing," CSEF Working Papers 216, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- Galasso, Vincenzo & D'Amato, Marcello, 2008. "Political Intergenerational Risk Sharing," CEPR Discussion Papers 6972, C.E.P.R. Discussion Papers.
- repec:onb:oenbwp:y::i:146:b:1 is not listed on IDEAS
- Matsen, Egil & Thogersen, Oystein, 2004.
"Designing social security - a portfolio choice approach,"
European Economic Review, Elsevier, vol. 48(4), pages 883-904, August.
- Egil Matsen & Øystein Thøgersen, 2000. "Designing Social Security – A Portfolio Choice Approach," Working Paper Series 1102, Department of Economics, Norwegian University of Science and Technology.
- Matsen, E. & Thogersen, O., 2001. "Designing Social Security - A Portfolio Choice Approach," Papers 21/2001, Norwegian School of Economics and Business Administration-.
- Godbout, Luc & Trudel, Yves & St-Cerny, Suzie, 2013. "Le régime de rentes du Québec : le rendement différencié selon l’année de prise de la retraite de 1968 jusqu’en 2056," L'Actualité Economique, Société Canadienne de Science Economique, vol. 89(2), pages 89-113, Juin.
- Alonso-García, J. & Devolder, P., 2016. "Optimal mix between pay-as-you-go and funding for DC pension schemes in an overlapping generations model," Insurance: Mathematics and Economics, Elsevier, vol. 70(C), pages 224-236.
- Börsch-Supan, A. & Härtl, K. & Leite, D.N., 2016.
"Social Security and Public Insurance,"
Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 781-863,
Elsevier.
- Börsch-Supan, Axel & Härtl, Klaus & Leite, Duarte Nuno, 2016. "Social security and public insurance," MEA discussion paper series 201604, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
- Robert Novy-Marx & Joshua D. Rauh, 2012. "The Revenue Demands of Public Employee Pension Promises," NBER Working Papers 18489, National Bureau of Economic Research, Inc.
- Dashle Kelley, 2014. "The political economy of unfunded public pension liabilities," Public Choice, Springer, vol. 158(1), pages 21-38, January.
- M. Carmen Boado-Penas & Julia Eisenberg & Ralf Korn, 2019. "Transforming public pensions: A mixed scheme with a credit granted by the state," Papers 1912.12329, arXiv.org.
- Robert K. Triest & Bo Zhao, 2013. "The role of economic, fiscal, and financial shocks in the evolution of public sector pension funding," Working Papers 13-26, Federal Reserve Bank of Boston.
- Lekniute, Z. & Beetsma, R.M.W.J. & Ponds, E.H.M., 2014. "A Value-Based Approach to the Redesign of US State Pension Plans," Other publications TiSEM 3156027d-33c6-4045-963a-d, Tilburg University, School of Economics and Management.
- Ponds, E.H.M. & Severinson, C. & Yermo, J., 2012. "Implicit debt in public sector plans : An international comparison," Other publications TiSEM 8263bb65-8b50-4890-9252-0, Tilburg University, School of Economics and Management.
- Hans Fehr & Christian Habermann, 2008.
"Risk Sharing and Efficiency Implications of Progressive Pension Arrangements,"
Scandinavian Journal of Economics, Wiley Blackwell, vol. 110(2), pages 419-443, June.
- Hans Fehr & Christian Habermann, 2005. "Risk Sharing and Efficiency Implications of Progressive Pension Arrangements," CESifo Working Paper Series 1568, CESifo.
- Hans Fehr & Christian Habermann, 2005. "Risk Sharing and Efficiency Implications of Progressive Pension Arrangements," DNB Working Papers 064, Netherlands Central Bank, Research Department.
- Devolder, Pierre & Melis, Roberta, 2015.
"Optimal Mix Between Pay As You Go And Funding For Pension Liabilities In A Stochastic Framework,"
ASTIN Bulletin, Cambridge University Press, vol. 45(3), pages 551-575, September.
- Devolder, Pierre & Melis, Roberta & Miller, Aurelie, 2012. "Optimal mix between pay as you go and funding for pension liabilities in a stochastic framework," LIDAM Discussion Papers ISBA 2012029, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
- Devolder, Pierre & Melis, Roberta, 2015. "Optimal mix between pay as you go and funding for pension liabilities in a stochastic framework," LIDAM Reprints ISBA 2015029, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
- Daniel Harenberg & Alexander Ludwig, "undated".
"Social Security and the Interactions Between Aggregate and Idiosyncratic Risk,"
Working Papers
ETH-RC-14-002, ETH Zurich, Chair of Systems Design.
- Daniel Harenberg & Alexander Ludwig, 2014. "Social Security and the Interactions Between Aggregate and Idiosyncratic Risk," Working Paper Series in Economics 71, University of Cologne, Department of Economics.
- Daniel Harenberg & Alexander Ludwig, 2014. "Social Security and the Interactions Between Aggregate and Idiosyncratic Risk," CER-ETH Economics working paper series 14/193, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
- Alexander Ludwig & Daniel Harenberg, 2014. "Social Security and the Interactions Between Aggregate and Idiosyncratic Risk," 2014 Meeting Papers 936, Society for Economic Dynamics.
- Klaus Kaier & Christoph Müller, 2015. "New figures on unfunded public pension entitlements across Europe: concept, results and applications," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 42(4), pages 865-895, November.
- Robert Novy-Marx & Joshua D. Rauh, 2012. "Fiscal Imbalances and Borrowing Costs: Evidence from State Investment Losses," American Economic Journal: Economic Policy, American Economic Association, vol. 4(2), pages 182-213, May.
More about this item
Keywords
public sector pension plans; funding; implicit debt; portfolio approach;All these keywords.
NEP fields
This paper has been announced in the following NEP Reports:- NEP-AGE-2014-12-24 (Economics of Ageing)
- NEP-OPM-2014-12-24 (Open Economy Macroeconomics)
- NEP-PBE-2014-12-24 (Public Economics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tiu:tiucen:1c5b7af1-e1ee-4d01-a341-f470c9bece78. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Richard Broekman (email available below). General contact details of provider: http://center.uvt.nl .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.