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...
| Hlavní autor: | |
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| Médium: | Časopis |
| Jazyk: | English |
| Vydáno: |
Washington, D.C. :
International Monetary Fund,
2000.
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| Edice: | IMF Working Papers; Working Paper ;
No. 2000/171 |
| On-line přístup: | Full text available on IMF |