Pareto improving transition from a pay-as-you-go to a fully funded pension system in a model of endogenous growth
Author
Abstract
Suggested Citation
Note: Received: 07 March 1999/Accepted: 13 December 1999
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Romer, Paul M, 1986.
"Increasing Returns and Long-run Growth,"
Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
- Paul M Romer, 1999. "Increasing Returns and Long-Run Growth," Levine's Working Paper Archive 2232, David K. Levine.
- Pascal Belan & Philippe Michel & Pierre Pestieau, 1998.
"Pareto-Improving Social Security Reform,"
The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 23(2), pages 119-125, December.
- BELAN, Pascal & MICHEL, Philippe & PESTIEAU, Pierre, 1998. "Pareto-improving social security reform," LIDAM Reprints CORE 1372, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Homburg, Stefan, 1997.
"Old-age Pension Systems: A Theoretical Evaluation,"
EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, pages 233-246.
- Homburg, Stefan, 2014. "Old Age Pension Systems: A Theoretical Evaluation," Hannover Economic Papers (HEP) dp-524, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
- Gilles Saint-Paul, 1992.
"Fiscal Policy in an Endogenous Growth Model,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(4), pages 1243-1259.
- Saint-Paul, G., 1991. "Fiscal Policy In An Endogenous Growth Model," DELTA Working Papers 91-04, DELTA (Ecole normale supérieure).
- Pascal Belan & Pierre Pestieau, 1999.
"Privatizing Social Security: A Critical Assessment,"
The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 24(1), pages 114-130, January.
- BELAN, Pascal & PESTIEAU, Pierre, 1997. "Privatizing social security: a critical assessment," LIDAM Discussion Papers CORE 1997084, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- BELAN, Pascal & PESTIEAU, Pierre, 1999. "Privatizing social security: A critical assessment," LIDAM Reprints CORE 1407, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Homburg, Stefan, 1990.
"The Efficiency of Unfunded Pension Schemes,"
EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 146, pages 640-647.
- Homburg, Stefan, 2014. "The Efficiency of Unfunded Pension Schemes," Hannover Economic Papers (HEP) dp-523, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
- Breyer, Friedrich & Straub, Martin, 1993.
"Welfare effects of unfunded pension systems when labor supply is endogenous,"
Journal of Public Economics, Elsevier, vol. 50(1), pages 77-91, January.
- Breyer, Friedrich & Straub, Martin, 1991. "Welfare effects of unfunded pension systems when labor supply is endogenous," Discussion Papers, Series I 252, University of Konstanz, Department of Economics.
- Uhlig, Harald & Yanagawa, Noriyuki, 1996. "Increasing the capital income tax may lead to faster growth," European Economic Review, Elsevier, vol. 40(8), pages 1521-1540, November.
- Corneo, Giacomo & Marquardt, Marko, 2000. "Public pensions, unemployment insurance, and growth," Journal of Public Economics, Elsevier, vol. 75(2), pages 293-311, February.
- Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Mark A. Roberts, 2013. "Pareto-improving pension reform through technological implementation," Scottish Journal of Political Economy, Scottish Economic Society, vol. 60(3), pages 317-342, July.
- van Groezen, B.J.A.M. & Meijdam, A.C. & Verbon, H.A.A., 2002.
"Social Security Reform and Population Ageing in a Two-Sector Growth Model,"
Discussion Paper
2002-25, Tilburg University, Center for Economic Research.
- van Groezen, B.J.A.M. & Meijdam, A.C. & Verbon, H.A.A., 2002. "Social Security Reform and Population Ageing in a Two-Sector Growth Model," Other publications TiSEM 5109f2fc-ba3b-421c-89ab-9, Tilburg University, School of Economics and Management.
- Weizsäcker, Robert K. von & Wigger, Berthold U., 2001. "Rentenfinanzierung und intergenerationelle Gerechtigkeit : Eine wachstumstheoretische Perspektive," Discussion Papers 606, Institut fuer Volkswirtschaftslehre und Statistik, Abteilung fuer Volkswirtschaftslehre.
- Marcin Bielecki & Krzysztof Makarski & Joanna Tyrowicz & Marcin Waniek, 2015. "In the search for the optimal path to establish a funded pension system," Working Papers 2015-22, Faculty of Economic Sciences, University of Warsaw.
- Kunze, Lars, 2012. "Funded social security and economic growth," Economics Letters, Elsevier, vol. 115(2), pages 180-183.
- Pascal Belan & Philippe Michel & Bertrand Wigniolle, 2007.
"Capital Accumulation, Welfare, and the Emergence of Pension-Fund Activism,"
FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 63(1), pages 54-82, March.
- Pascal Belan & Philippe Michel & Bertrand Wigniolle, 2007. "Capital accumulation, welfare and the emergence of pension fund activism," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00268847, HAL.
- Pascal Belan & Philippe Michel & Bertrand Wigniolle, 2007. "Capital accumulation, welfare and the emergence of pension fund activism," PSE-Ecole d'économie de Paris (Postprint) halshs-00268847, HAL.
- Pascal Belan & Philippe Michel & Bertrand Wigniolle, 2007. "Capital accumulation, welfare and the emergence of pension fund activism," Post-Print halshs-00268847, HAL.
- Marko Köthenbürger & Panu Poutvaara, 2002.
"Social Security Reform and Intergenerational Trade: Is there Scope for a Pareto-Improvement?,"
CESifo Working Paper Series
795, CESifo.
- Marko Köthenbürger & Panu Poutvaara, 2004. "Social Security Reform and Intergenerational Trade: Is there Scope for a Pareto-Improvement?," Public Economics 0404008, University Library of Munich, Germany.
- Mark C. Kelly, 2022. "Growth and Welfare Implications of Mortality Differentials in Unfunded Social Security Systems," Public Finance Review, , vol. 50(2), pages 206-235, March.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Weizsäcker, Robert K. von & Wigger, Berthold U., 2001. "Rentenfinanzierung und intergenerationelle Gerechtigkeit : Eine wachstumstheoretische Perspektive," Discussion Papers 606, Institut fuer Volkswirtschaftslehre und Statistik, Abteilung fuer Volkswirtschaftslehre.
- Berthold U. Wigger, 1999. "Public Pensions and Growth," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 56(2), pages 241-241, June.
- Michael Bräuninger, 2005.
"Social Security, Unemployment, and Growth,"
International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 12(4), pages 423-434, August.
- Bräuninger, Michael, 2004. "Social Security, Unemployment, and Growth," HWWA Discussion Papers 266, Hamburg Institute of International Economics (HWWA).
- Brauninger, Michael, 2004. "Social Security, Unemployment, and Growth," Discussion Paper Series 26346, Hamburg Institute of International Economics.
- Wigger, Berthold U., 1999. "Alterssicherung und Wachstum," Discussion Papers 569, Institut fuer Volkswirtschaftslehre und Statistik, Abteilung fuer Volkswirtschaftslehre.
- Friedrich Breyer, 2000. "Kapitaldeckungs‐ versus Umlageverfahren," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 1(4), pages 383-405, November.
- Belan, Pascal & Pestieau, Pierre, 1999. "Privatisation des systèmes de retraite : une évaluation critique," L'Actualité Economique, Société Canadienne de Science Economique, vol. 75(1), pages 9-27, mars-juin.
- van Groezen, B.J.A.M. & Meijdam, A.C. & Verbon, H.A.A., 2002.
"Social Security Reform and Population Ageing in a Two-Sector Growth Model,"
Discussion Paper
2002-25, Tilburg University, Center for Economic Research.
- van Groezen, B.J.A.M. & Meijdam, A.C. & Verbon, H.A.A., 2002. "Social Security Reform and Population Ageing in a Two-Sector Growth Model," Other publications TiSEM 5109f2fc-ba3b-421c-89ab-9, Tilburg University, School of Economics and Management.
- Pascal Belan & Philippe Michel & Bertrand Wigniolle, 2007.
"Capital Accumulation, Welfare, and the Emergence of Pension-Fund Activism,"
FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 63(1), pages 54-82, March.
- Pascal Belan & Philippe Michel & Bertrand Wigniolle, 2007. "Capital accumulation, welfare and the emergence of pension fund activism," PSE-Ecole d'économie de Paris (Postprint) halshs-00268847, HAL.
- Pascal Belan & Philippe Michel & Bertrand Wigniolle, 2007. "Capital accumulation, welfare and the emergence of pension fund activism," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00268847, HAL.
- Pascal Belan & Philippe Michel & Bertrand Wigniolle, 2007. "Capital accumulation, welfare and the emergence of pension fund activism," Post-Print halshs-00268847, HAL.
- Wigger, Berthold U, 2001.
"Pareto-Improving Intergenerational Transfers,"
Oxford Economic Papers, Oxford University Press, vol. 53(2), pages 260-280, April.
- Berthold U. Wigger, 2000. "Pareto-Improving Intergenerational Transfers," CESifo Working Paper Series 285, CESifo.
- Berthold U. Wigger, 2000. "Pareto-improving intergenerational transfers," CSEF Working Papers 37, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- Yvonne Adema & Lex Meijdam & Harrie Verbon, 2009.
"The international spillover effects of pension reform,"
International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 16(5), pages 670-696, October.
- Yvonne Adema & Lex Meijdam & Harrie A. A Verbon, 2005. "The International Spillover Effects of Pension Reform," CESifo Working Paper Series 1540, CESifo.
- Adema, Y. & Meijdam, A.C. & Verbon, H.A.A., 2009. "The international spillover effects of pension reform," Other publications TiSEM 34013c75-ba05-46ad-8656-0, Tilburg University, School of Economics and Management.
- Luciano Fanti & Luca Gori, 2011.
"On economic growth and minimum wages,"
Journal of Economics, Springer, vol. 103(1), pages 59-82, May.
- Luciano Fanti & Luca Gori, 2009. "On economic growth and minimum wages," Discussion Papers 2009/78, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
- Fanti, Luciano & Gori, Luca, 2010. "On economic growth and minimum wages," MPRA Paper 25842, University Library of Munich, Germany.
- Pascal Belan, 2001.
"Transition vers un système par capitalisation dans un modèle de croissance endogène,"
Revue économique, Presses de Sciences-Po, vol. 52(6), pages 1205-1226.
- Pascal Belan, 2001. "Transition vers un système par capitalisation dans un modèle de croissance endogène," Revue Économique, Programme National Persée, vol. 52(6), pages 1205-1226.
- Tetsuo Ono, 2007. "Unemployment dynamics in an OLG economy with public pensions," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 33(3), pages 549-577, December.
- Corneo, Giacomo & Marquardt, Marko, 2000. "Public pensions, unemployment insurance, and growth," Journal of Public Economics, Elsevier, vol. 75(2), pages 293-311, February.
- Assar Lindbeck & Mats Persson, 2003.
"The Gains from Pension Reform,"
Journal of Economic Literature, American Economic Association, vol. 41(1), pages 74-112, March.
- Lindbeck, Assar & Persson, Mats, 2002. "The Gains from Pension Reform," Seminar Papers 712, Stockholm University, Institute for International Economic Studies.
- Lindbeck, Assar & Persson, Mats, 2002. "The Gains from Pension Reform," Working Paper Series 580, Research Institute of Industrial Economics.
- Marko Köthenbürger & Panu Poutvaara, 2002.
"Social Security Reform and Intergenerational Trade: Is there Scope for a Pareto-Improvement?,"
CESifo Working Paper Series
795, CESifo.
- Marko Köthenbürger & Panu Poutvaara, 2004. "Social Security Reform and Intergenerational Trade: Is there Scope for a Pareto-Improvement?," Public Economics 0404008, University Library of Munich, Germany.
- Ben Fine, 1998. "Endogenous Growth Theory: A Critical Assessment," Working Papers 80, Department of Economics, SOAS University of London, UK.
- Gilles Le Garrec, 2012.
"Social security and growth in an aging economy : the case of acturial fairness,"
Working Papers
hal-01070354, HAL.
- Gilles Le Garrec, 2012. "Social security and growth in an agin economy: the case of actuarial fairness," Documents de Travail de l'OFCE 2012-18, Observatoire Francais des Conjonctures Economiques (OFCE).
- Martin Zagler & Georg Dürnecker, 2003. "Fiscal Policy and Economic Growth," Journal of Economic Surveys, Wiley Blackwell, vol. 17(3), pages 397-418, July.
- Loumrhari, Ghizlan, 2016. "Vieillissement démographique et réforme paramétrique des retraites. Les enseignements d’un modèle EGC-GI pour le Maroc [Ageing and pension reform. A computational olg model for Morocco]," MPRA Paper 74077, University Library of Munich, Germany.
More about this item
Keywords
Public pensions · endogenous growth;JEL classification:
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:jopoec:v:14:y:2001:i:3:p:445-453. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.