Pension Systems in Open Economy.

The paper focuses on the effects of the integration in a perfect world capital market of two large economies running respectively a pay-as-you-go and a fully funded pension system. Under the assumption that the pay-as-you-go is in steady state and self financing, the integration causes changes in factor prices and divergent welfare effects both across countries and across generations.

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Year of publication:	1999
Authors:	Casarico, A.
Institutions:	Economics Group, Nuffield College, University of Oxford
Subject:	PENSION FUNDS \| SOCIAL SECURITY \| GENERATIONS

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Series:	Economics Papers.
Type of publication:	Book / Working Paper
Notes:	51 pages
Classification:	D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; G23 - Pension Funds; Other Private Financial Institutions ; H55 - Social Security and Public Pensions
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005812236