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This chapter examines the scope for mutually beneficial intergenerational cooperation, and looks at various attempts to theoretically explain the emergence of norms and institutions that facilitate this cooperation. The contributions reviewed come from branches of economics as far apart as...
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Much of the focus of the UK pensions policy debate over the past decade has been on the adequacy (or otherwise) of …
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When the challenges of population aging are being debated, the uncertain future of pension systems is a topic of high priority and large controversy. The aim of this chapter is not to provide a “consensus view” on social security and public insurance in aging populations but to put structure...
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-related questions is stronger in the presence of an underfunded public pension system, where current pensions are paid for by current …
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alternative systems focuses on their effects on savings, capital accumulation, labour supply, economic growth and inequality and … the potential benefits of mixed systems in which a PAYG system with notional accounts is complemented by a funded pensions … on the savings rate, capital accumulation, productivity and the labour supply. These effects must be taken into account …
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