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

被引：0
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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：
Journal of Population Economics | 2001年 / 14卷
关键词：
JEL classification: H55; Key words: Public pensions; endogenous growth;
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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.
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页码：445 / 453
页数：8
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