capital flows, focusing on the role of the public pension system. We develop a small open economy overlapping generations … model to illustrate the channels through which demographic variables and pension system generosity interact to affect both … demographic change and pension reform. We find that the generosity of the pension system plays an important role in determining …

This paper quantifies the effect of Poland's 1999 pension reform on the inequality of future pension benefits. The … Household Budget Survey, show that the Gini coefficient reaches 0.27 once the full effect of the reform has materialized. Had … the pre-reform system continued unchanged, the Gini coefficient would not be >0.19. The increased inequality of pension …