Pension Reform, Private Saving, and the Current Account in a Small Open Economy /

Pension Reform, Private Saving, and the Current Account in a Small Open Economy /

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. With forward-looking individuals, a debt-financed reform worsens the current account, wh...

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Dades bibliogràfiques
Autor principal:	Schimmelpfennig, Axel
Format:	Revista
Idioma:	English
Publicat:	Washington, D.C. : International Monetary Fund, 2000.
Col·lecció:	IMF Working Papers; Working Paper ; No. 2000/171
Accés en línia:	Full text available on IMF

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