Gerhard, Glomm; Juergen, Jung; Changmin, Lee; Chung, Tran - In: The B.E. Journal of Macroeconomics 10 (2010) 1, pp. 1-40
In many emerging economies such as Brazil, pension programs of public sector workers are more generous than pension programs of private sector workers. The opportunity costs of running generous public pension schemes for civil servants are potentially large in emerging economies that often...
