Glomm, Gerhard; Jung, Jürgen; Lee, Changmin; Tran, Chung - 2005
We use an OLG model to study the effects of the generous public sector pension system in Brazil. In our model there are … two types of workers, one working in the private sector, the other working in the public sector. Public workers produce … infrastructure or education services. We find that reducing generosity of the public sector pensions has large effects on capital …