01783cas a2200253 a 4500 AALejournalIMF000471 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451928327 1018-5941 BD-DhAAL BD-DhAAL Kramer, Charles. Reform of the Canada Pension Plan : Analytical Considerations / Charles Kramer, Yutong Li. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (30 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Like other transfer programs, a pay-as-you-go public pension system can significantly affect economic behavior and, hence, relative prices and macroeconomic aggregates. This paper illustrates some of these effects, which are important in weighing options for reforming public pensions, in the context of a stylized model of the Canadian economy. It shows that introducing such a system can reduce aggregate saving, income, and wages and increase interest rates. It also shows that a significant part of the distortion can occur because benefits are not explicitly linked to contributions and that creating a linkage can reduce the distortions associated with the wage tax that funds plan contributions. Mode of access: Internet Li, Yutong. IMF Working Papers; Working Paper ; No. 1997/141 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/141/001.1997.issue-141-en.xml IMF e-Library