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This paper analyses the effects of a pension system privatization in a unionized economy. Using an overlapping … state may result in lower levels of employment and capital stock. In this case even if the privatization increases the … employment then a Paretoimproving pension privatization scheme can be constructed. …
Persistent link: https://www.econbiz.de/10002523187
In the past two decades privatisation and liberalisation of network industries providing services of general economic interest (SGEI), have been particularly significant in the European Union. Wide variations around a common policy trend can, however, be observed across countries and sectors. We...
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