Series: IMF Working Papers
Author(s): Axel Schimmelpfennig
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2000
Keywords: pension reform, saving, pension, private saving, pension system, payroll tax
The macroeconomic implications of a pension reform that substitutes a high-return fully-funded system for a low-return pay-as-you-go system are discussed in an overlapping generations, neoclassical growth model. Wi...