Pareto improving transition from a pay-as-you-go to a fully funded pension system in a model of endogenous growth

被引:0
|
作者
Gábor Gyárfás
Marko Marquardt
机构
[1] Department of Economics,
[2] University of Bonn,undefined
[3] Adenauerallee 24-42,undefined
[4] D-53113 Bonn,undefined
[5] Germany (Fax: +49-228-739239; e-mail: gyarfas@uni-bonn.de),undefined
来源
关键词
JEL classification: H55; Key words: Public pensions; endogenous growth;
D O I
暂无
中图分类号
学科分类号
摘要
In this paper we investigate the possibility of Pareto improving social security reforms within a framework of endogenous growth. Belan et al. (1998) propose a transition from a pay-as-you-go (PAYG) pension system to a system of savings–subsidization. We follow this approach and prove that a Pareto improving conversion from the PAYG system to a fully funded one is possible. Finally, we compare the subsidy system with the fully funded system and discuss the problem of implementing the transition to the fully funded system.
引用
收藏
页码:445 / 453
页数:8
相关论文
共 43 条