Fuster, Luisa; Imrohoroglu, Ayse; Imrohoroglu, Selahattin - CESifo - 2005
The aging of the populations in the OECD countries has prompted various calls for reforming the existing pay-as-you-go (PAYG) pension systems. Currently, there is renewed discussion in the United States about partial privatization where a fraction of the social security payroll tax would be...
